Chesapeake Energy (CHK -2%) is reinstated with a Neutral rating and $26 price target at Goldman...

Chesapeake Energy (CHK -2%) is reinstated with a Neutral rating and $26 price target at Goldman Sachs, as the firm says favorable core positions in the Eagle Ford, Marcellus and Utica shales are offset by a funding gap that limits the pace of development. CHK may need to see larger-scale sales/separation of core acreage to receive market value/acre for key positions.

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Comments (5)
  • iknow777
    , contributor
    Comments (32) | Send Message
    CHK will get there but don't trust Goldman ; they are most often wrong and usually say one thing and do another. Positions anyone?
    31 May 2013, 03:41 PM Reply Like
  • jmpbrown
    , contributor
    Comments (60) | Send Message
    Do you mean they would be telling everyone not to buy, when they want to buy. I think I have heard of that in the past. Even to their own clientele.
    31 May 2013, 05:27 PM Reply Like
  • ACNG
    , contributor
    Comments (6) | Send Message
    Yes, short CHK if Golden is saying buy. Been there before
    31 May 2013, 06:48 PM Reply Like
    , contributor
    Comments (1149) | Send Message
    That means they been buying for the last 2 weeks for themselves and will push it and if they say 28.00 (which I kind of agree on) by end of year then I would sell it at 27.50 when they will be selling it hard.


    BTW I own CHK with cost basis of about 20 or 21.50 for 1600shares. I also own (SD) at 5.00 for 1000 shares. (CLNE) for 1000 shares @~9.50


    31 May 2013, 07:25 PM Reply Like
  • Richard Waldren
    , contributor
    Comments (270) | Send Message
    I agree with all. When natural gas rises, and it will CHK and WPX will be in the drivers seat. Long both.
    2 Jun 2013, 02:40 AM Reply Like
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