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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Neutral CHK

Chesapeake Energy Corporation (CHK) rated Neutral with price target $21 by Credit Suisse

Posted on: Tuesday,  May 12, 2009  10:25 AM ET by Credit Suisse

Chesapeake Energy Corporation (CHK)
rated Neutral with price target $21 by Credit Suisse.

Chesapeake Energy Corporation is a producer of natural gas in the United States. The Company own interests in approximately 41,200 producing natural gas and oil wells that are producing approximately 2.3 billion cubic feet equivalent (bcfe) per day, 92% of which is natural gas. As of December 31, 2008, it was focusing on discovering, developing and acquiring conventional and unconventional natural gas reserves onshore in the United States primarily in the Big 4 natural gas shale plays: the Barnett Shale in the Forth Worth Basin of north-central Texas, the Haynesville Shale in the Ark-La-Tex area of northwestern Louisiana and East Texas, the Fayetteville Shale in the Arkoma Basin of central Arkansas and the Marcellus Shale in the northern Appalachian Basin of West Virginia, Pennsylvania and New York. It also has operations in various other plays, both conventional and unconventional, in the Mid-Continent, Appalachian Basin, Permian Basin, Delaware Basin, and South Texas.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/6/2009 8:25 AM Sell
None
27.44 24.00
as of 12/31/2009
1 Week up  0.10 %
1 Month down  -16.22 %
3 Months down  -1.31 %
1 YTD down  -1.31 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/12/2009 10:25 AM Hold
None
22.34 21.00
6/10/2008 8:25 AM Hold
None
61.11 56.00

(*) Stock Price at the time of the recommendation.
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