Tuesday, July 5, 2011

Chesapeake Energy: The Set-Up for the Next Buying Opportunity

Marc Courtenay submits:

"There's something happening here, what it is ain't exactly clear ... it's time we stop, hey what's that sound? everybody look what's going down" ... are some of the lyrics of 60s group Buffalo Springfield.

Oil is back up to almost $97 as I write, and speaking of oil, there's a big natural gas producer that's determined to make more money by increasing its production of oil.

This familiar energy powerhouse Chesapeake Energy Corporation (CHK), together with its subsidiaries, is the largest independent producer of natural gas in the United States and the second largest producer in the U.S., period.

The company focuses on discovering, acquiring and developing conventional and unconventional natural gas reserves onshore in the United States, primarily in its six natural gas shale plays: the Barnett Shale in the Fort Worth Basin of north-central Texas; the Haynesville and Bossier Shales in the Ark-La-Tex area of northwestern Louisiana


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