Chesapeake Energy seen offering upbeat view at Analyst Day

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

Chesapeake Energy (CHK +2.9%) will host its first Analyst Day in two years this Thursday, and analysts at Susquehanna raise their price target on the shares to $6.50 from $4.50 ahead of the meeting.

Susquehanna says Analyst Day likely will highlight progress on two key fronts - that CHK has sufficient and potentially growing inventory depth, and can continue to improve capital efficiency - which, combined with further asset sales, could pave the way for progress towards cash flow neutrality and addressing longer-term maturities.

The firm thinks productivity improvements could be the highlight of Analyst Day, with Haynesville perhaps receiving the most investor attention given its proximity to the Henry Hub market.