- Chesapeake Energy (CHK -1.9%) tumbles as much as 3.7% near a fresh 20-year low as crude oil futures post losses amid growing concerns over this week's U.S.-China trade talks.
- MKM Partners analyst John Gerdes reiterates a Neutral rating and $1.20 fair value estimate on CHK, saying his estimates for Q3 and full-year production are below expectations.
- Gerdes also expects CHK to cut capital spending to $1.8B in FY 2020 from ~$2.2B this year.
Chesapeake Energy tumbles toward 20-year low
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Symbol | Last Price | % Chg |
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CHK | - | - |
Chesapeake Energy Corporation |