Why Chesapeake Energy Believes It Has the Right Plan for 2020

This year has been another challenging one for Chesapeake Energy (NYSE: CHK). Shares of the energy company have plummeted more than 70% due to the continued turbulence in the oil and gas market. That's causing concerns that the company might not be able to keep managing its hefty debt load in the coming year.

Those worries have forced the company to shift its strategy for 2020, which was one of the key themes on its third-quarter conference call. Here's a look at why Chesapeake believes its new plan is the right one, given the current weakness in the oil and gas market.

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