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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Buy CHK
down 67.61 %

Chesapeake Energy Corporation (CHK) rated Buy with price target $30 by MKM Partners

Posted on: Wednesday,  Sep 29, 2010  9:25 AM ET by MKM Partners

MKM Partners rated Buy Chesapeake Energy Corporation (NYSE: CHK) on 09/29/2010, when the stock price was $21.68. Since
then, Chesapeake Energy Corporation has lost 67.62% as of 01/28/2016's recent price of $7.02.
If you would have followed this MKM Partners's recommendation on CHK, you would have lost 67.61% of your investment in 1947 days.

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.

MKM Partners LLC is an institutional equity trading and research firm. MKM Partners has extensive experience in the agency execution of U.S. and international equity orders. We provide clients with timely and unbiased economic, technical, and fundamental research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/29/2010 9:25 AM Buy
None
21.68 30.00
as of 12/31/2010
1 Week up  8.55 %
1 Month up  31.62 %
3 Months up  22.73 %
1 YTD up  28.22 %

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