Thursday, May 30, 2013

We’re ‘Hyper-Bullish’ About This Stock: CHK

A few months ago, we told you to buy Chesapeake Energy (NYSE: CHK) for exposure to the natural gas market.

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.

Reasons include:
* 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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