Chesapeake Energy Corp is a US-based exploration and production company. It is engaged in the acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids from underground reservoirs. Geographically, the company focuses its exploration, development, acquisition and production efforts in the operating areas of Marcellus, Northern Appalachian Basin in Pennsylvania; Haynesville, Northwestern Louisiana and East Texas (Gulf Coast); Eagle Ford, South Texas; Utica, Southern Appalachian Basin in Ohio; Mid-Continent, Anadarko Basin in northwestern Oklahoma; and Powder River Basin, Stacked pay in Wyoming.
Is this a deal ? Or a company going under ?
Personally, I wouldn't touch an oil or gas exploration stock right now. Why not? Look at the glut in the current world energy market. The late farmerart had run into this with his company which had a long, successful history behind it. Also, it's a domestic producer, which means higher costs. Gas, maybe, but not oil in the current market. A lot of domestic producers are just capping their wells and are just waiting to ride out the current sag in prices.