Thursday, May 30, 2013
We’re ‘Hyper-Bullish’ About This Stock: CHK
If we were bullish then, we’re hyper-bullish now.
Since Chesapeake’s Founder and CEO, Aubrey McClendon, resigned, the case for buying the company has only gotten stronger.
* Better leadership
* A stronger cash position
* Insider buying
* Analyst upgrades
* And higher natural gas prices I’ll start with the leadership change…
Chesapeake is among the top five largest players in the natural gas space, and it also has significant oil operations. But it was severely undermined by McClendon’s risk-taking and questionable behavior. (more)
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