Still, CHK will be forced to sell yet more assets to meet their cash shortfalls.
The chart below shows the one year performance of CHK shares, versus its 200 day moving average.
The member estimates represent a significant upside of around 30% to our price estimate for CHK stock.
The report noted that among energy companies, CHK shares displayed both attractive valuation metrics and strong profitability metrics.
FORBES: This Stock Has A 1.78% Yield And Sells For Less Than Book
Below is a three month price history chart comparing the stock performance of CHK, versus HP and BTE.
That said, natural gas exploration and development company Chesapeake Energy (NYSE:CHK) is a fairly recent addition worth noting.
Below is a three month price history chart comparing the stock performance of CHK, versus EVEP and PTEN.
One such company is Chesapeake Energy Corp. ( NYSE: CHK), which saw buying by Director Archie W. Dunham.
Below is a long-term dividend history chart for CHK, which Dividend Channel stressed as being of key importance.
FORBES: This Stock Has A 1.78% Yield And Sells For Less Than Book
Like its cousin Chesapeake Energy (CHK), SandRidge has had enormous negative cash flow every year since the 2007 IPO.
FORBES: Tom Ward Of SandRidge Energy: Another CEO That's Got To Go
Disclaimer: I have no positions in CHK and no plans to initiate any.
Higher prices would benefit, among others, Anadarko Petroleum (APC), Chesapeake (CHK), Berry Petroleum (BRY), Exxon Mobile (XOM), and Chevron (CVX).
Specifically, roughly 9, 000 calls have traded on CHK so far this morning, compared to put volume of about 5, 000 contracts.
FORBES: Chesapeake Energy Sentiment Favors Contrarians Ahead of Earnings
At Chesapeake (CHK) shareholders took action when they found out about the CEO financing personal deals on the side.
For those options traders looking to bank on the aforementioned CHK concerns, a bearish put spread could be quite lucrative.
FORBES: Chesapeake Energy Sentiment Favors Contrarians Ahead of Earnings
Natural gas prices recently hit a ten-year low and only rebounded after Chesapeake Oil (CHK) said it would drill less.
Other competitors in the energy sector include: Chesapeake Energy (CHK), Targa Resources Partners LP (NGLS), and GeoResources (GEOI).
Gas exploration companies like Chesapeake (CHK) or SandRidge (SD) have never been cash flow positive but often report positive accounting earnings.
FORBES: My Prediction Was Wrong: Why We Didn't Get To $8 Natural Gas
This duo completed a bearish cross in early October, and CHK has been struggling to reclaim its former uptrend ever since.
The bad news is that SandRidge founder and CEO Tom Ward (also a CHK co-founder) continues presiding unchecked as an autocrat.
FORBES: Tom Ward Of SandRidge Energy: Another CEO That's Got To Go
Chesapeake Energy ( CHK) faces a key test when the company steps into the earnings limelight after the close this afternoon.
FORBES: Chesapeake Energy Sentiment Favors Contrarians Ahead of Earnings
In mid-afternoon trading Thursday, CHK was up about 0.6% on the day.
From a technical standpoint, CHK has its work cut out for it.
Specifically, only four of the 35 analysts following CHK rate the shares a Sell, compared to 17 Holds and 16 outright Buy ratings.
FORBES: Chesapeake Energy Sentiment Favors Contrarians Ahead of Earnings
However, since this new preferred stock is costing CHK 5.75% per year in interest, it hardly looks like a way to boost shareholder value.
Chesapeake Energy (CHK) has named a new chairman to replace Audrey McClendon, the CEO who has been under scrutiny in the past few weeks.
In 2008 Aubrey was forced to sell almost all of his then very relevant CHK position of 33 million shares to meet a margin call.
We will find out at the next earnings call as to how successful CHK has been in transitioning to higher priced oil and other liquids.
That means that even though CHK may be reporting positive accounting earnings, capital expenditures for lease acquisitions and drilling are greater than stated net income.
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