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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Hold CHK

Chesapeake Energy Corporation (CHK) rated Hold

Posted on: Tuesday,  Jul 24, 2007  9:25 AM ET by Fortis Bank

Chesapeake Energy
(CHK) Hold $38 by Fortis Bank.

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.

We are a global asset manager, offering investment solutions to clients in many different segments and markets. First and foremost, we are an active manager: we aim to deliver superior returns to our clients by making considered investment decisions based upon our own research. As well as seeking out the most rewarding top-down and bottom-up sources of returns, our investment centres carefully manage the risk in their portfolios. Risk budgeting and risk allocation are key elements in all of our investment strategies. We implement our strategies through model portfolios, which are adjusted in line with the investment objectives and constraints of individual clients. Intelligent implementation is an important determinant of final performance.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/19/2007 9:25 AM Buy
None
38.09 40.00
as of 8/27/2015
1 Week down  -1.81 %
1 Month down  -40.40 %
3 Months down  -53.47 %
1 YTD down  -74.13 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/5/2007 9:25 AM Buy
None
33.89 40.00
7/24/2007 9:25 AM Hold
None
35.21 38.00

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