Current CHK Stock Info

Commodities price drop results in $14.856 billion net loss for 2015; focus on completions in 2016; targeting to put 330-370 wells on production in 2016; divestitures continue
Chesapeake energy has been a beacon of attention recently in the oil and gas industry due to their alleged financial struggles with analysts pinpointing them as a bankruptcy candidate. Despite this criticism, Chesapeake keeps on ticking. On February 24, 2016 the company reported 2015 year-end and fourth quarter earnings as well as 2016 guidance. Highlights from the report...

Analyst Commentary

Raymond James 02.25.2016
Chesapeake rallied on news that it has outlined a plan to divest up to $1.5
billion in non-core assets in 2016, while also expecting 2016 to remain relatively flat despite a
57% reduction to capex as it draws down its drilled but uncompleted (DUC) well backlog and
brings back some shut-in production. Despite this, 2017 will likely prove to be very challenging
for the company, as a large amount of long term debt comes due and cash outspend is still
likely to remain elevated. Combined with our relatively bearish view on natural gas, we are
maintaining our Underperform rating.  


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