Chesapeake Results Confirm Upside; Shale Sale Looks Like a Bargain

Filed under: Chesapeake Energy (CHK), Stocks to Buy

Founded in 1989, Chesapeake Energy (CHK) has grown to become the second largest producer of natural gas and one of the most active drillers of new wells in the U.S. Chesapeake competes with other oil and gas producers like Exxon Mobil (XOM), ConocoPhillips (COP), Anadarko (APC), BP (BP) and Chevron (CVX). Chesapeake owns interests in around 44,100 producing natural gas and oil wells that are currently producing around 2.4 billion cubic feet equivalent (bcfe), 93% of which is natural gas.

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Chesapeake Results Confirm Upside; Shale Sale Looks Like a Bargain originally appeared on BloggingStocks on Sat, 05 Mar 2011 16:20:00 EST. Please see our terms for use of feeds.

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