Oil stock #5: Chesapeake Energy (CHK) - Jamie Dlugosch

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Oil stock #5: Chesapeake Energy (CHK)
Jun 28, 2009 06:00 PM UTC

Jamie Dlugosch

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Symbol	Sentiment	Start	Return	Closed
CHK		06/28/09	-23.32%	--

Via BloggingStocks:

Filed under: Chesapeake Energy (CHK), Economic data, Oil, Stocks to Sell

stocks to sell chesapeake energy The interest in using natural gas as an alternative to crude has helped natural gas-based companies appreciate in value. Chesapeake Energy (NYSE: CHK) has benefited from that interest, with a gain of more than 20% this year.

CHK is an interesting story in that during the craze in energy prices in 2008, the CEO of the company was forced to liquidate his entire position. That forced selling created an opportunity to buy the stock at an incredibly cheap price, even beyond the artificially low energy prices reached earlier this year.

Continue reading Oil stock #5: Chesapeake Energy (CHK)

Oil stock #5: Chesapeake Energy (CHK) originally appeared on BloggingStocks on Sun, 28 Jun 2009 13:00:00 EST. Please see our terms for use of feeds.

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