Chesapeake Energy: Archie Dunham Is At It Again

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About: Chesapeake Energy Corporation (CHK)
by: Long Player
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Long Player
Long/short equity, value, special situations, contrarian
Summary

Archie Dunham, Chairman of the Board of Directors, purchased 1,200,000 shares of stock.

Previous purchases have not shown a profit as Archie continued to average down.

Chesapeake Energy stock price is the lowest in more than 10 years.

The WildHorse acquisition may require more cash than originally anticipated, but is still likely to close.

The Eagle Ford wells have shown remarkable production progress lately.

The real question is: Is Archie Dunham right this time? Archie Durham previously made large purchases of Chesapeake Energy's (CHK) common shares. A previous article correctly warned about following him into the stock