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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Outperform
CHK
down 75.17 %

Chesapeake Energy Corporation (CHK) rated Outperform with price target $40 by Oppenheimer

Posted on: Friday,  Feb 25, 2011  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform Chesapeake Energy Corporation (NYSE: CHK) on 02/25/2011. Previously Oppenheimer rated Outperform Chesapeake Energy Corporation (NYSE: CHK) on 10/01/2009.,
when the stock price was $28.28. Since then, Chesapeake Energy Corporation has lost 75.18% as of 01/28/2016's recent price of $7.02.
If you would have followed the previous Oppenheimer's recommendation on CHK, you would have lost 75.17% of your investment in 2310 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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/12/2014 8:25 AM Buy
None
25.21 30.00
as of 12/30/2011
1 Week down  -6.06 %
1 Month down  -12.03 %
3 Months down  -12.75 %
1 YTD down  -13.97 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/25/2011 8:25 AM Buy
None
34.62 40.00
10/1/2009 8:25 AM Buy
None
28.28 35.00

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