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Chesapeake Energy Corporation (CHK) [hlAlert]

Sell CHK
up 44.50 %

Chesapeake Energy Corporation (CHK) downgraded to Sell by Argus

Posted on: Thursday,  Nov 17, 2011  8:25 AM ET by Argus

Argus rated Sell Chesapeake Energy Corporation (NYSE: CHK) on 11/17/2011, when the stock price was $25.39. Since then, Chesapeake Energy
Corporation has lost 30.80% of its value until Argus rated CHK Hold on 06/06/2012, when the price was $17.57.
If you would have followed this Argus's recommendation on CHK, you would have gained 44.5% of your investment in 202 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/6/2012 8:25 AM Hold
as of 12/30/2011
1 Week up  6.06 %
1 Month up  12.03 %
3 Months up  12.20 %
1 YTD down  -6.75 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/17/2011 8:25 AM Sell
2/10/2011 8:25 AM Hold
11/30/2010 8:25 AM Sell
8/5/2009 2:25 PM Hold

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