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Coverage of Chesapeake (CHK +2%) is resumed at Barclays with an Equal Weight rating and $20...

Coverage of Chesapeake (CHK +2%) is resumed at Barclays with an Equal Weight rating and $20 target price, as the firm believes progress in executing planned asset sales should help address liquidity concerns. Jim Cramer adds his two cents, saying the CHK controversy has died down and shares will move up if natural gas does.
Comments (3)
  • Harry Johnson
    , contributor
    Comments (482) | Send Message
     
    "...the firm believes progress in executing planned asset sales should address liquidity concerns." No, really ? (I thought the only place that empty suits uttered such profound statements was Washington D.C.)
    5 Sep 2012, 02:43 PM Reply Like
  • pauliene
    , contributor
    Comments (233) | Send Message
     
    the big news is the energy meeting Thursday where the president of Chesapeake will tell analysts why he believes the company is moving in the right direction
    add in the major short position which will have to start showing up as buy backs once the stock goes over 20 area.
    flavor in the promised asset sales to be completed this qtr which is for several billion dollars
    just imagine if things really start to play out favorable for the company
    5 Sep 2012, 06:49 PM Reply Like
  • jlbrown
    , contributor
    Comments (43) | Send Message
     
    I hope they have to eat their shorts!!!

     

    6 Sep 2012, 09:17 PM Reply Like
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