Now’s the Time to Buy Chesapeake Energy (NYSE: CHK)

Chesapeake Energy (NYSE: CHK), our long-term pick in the natural gas sector, continues to make significant progress in its quest to stabilize its once debt-bloated balance sheet.

The company, which became infamous for making all the wrong moves, is finally taking steps to raise cash and secure its future growth potential.

To be sure, it may be selling the right assets at the wrong time, as Chesapeake has little choice if it wants to avoid a credit downgrade.

Fortunately, it has the assets to sell and, afterwards, will still be left with some of the most valuable land in the United States when it comes to energy resources.  (more)

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