#1 - Chesapeake Energy (OTCMKTS:CHKAQ)
Chesapeake Energy (CHK) - Leading off our list is Chesapeake Energy (NYSE:CHK). This is a stock that would not be getting any attention except from traders. Some traders believe that the stock is so exceptionally low that there are gains to be made. The problem is that the company has a massive debt problem. They were one of the first through the door on the controversial exploration process known as fracking. This form of exploration saw the company pile up debt shortly before the Obama administration came in. That put fracking in regulatory crosshairs that were crippling to Chesapeake. Fracking has made a bit of a comeback with a more favorable administration, but it’s too little too late for Chesapeake. The company has three options. Wait for oil and gas prices to rise for a sustained period (that took a hit with the onset of the Coronavirus), file for bankruptcy, or sell assets to pay down debt. The latter appears to be most likely, but as an investor, you have to ask if this is just postponing the inevitable.
About Chesapeake Energy
Chesapeake Energy Corp. is an independent exploration and production company, which engages in acquisition, exploration and development of properties for the production of oil, natural gas and natural gas liquids from underground reservoirs. It focuses on projects located in Louisiana, Ohio, Oklahoma, Pennsylvania, Texas, and Wyoming.
Read More - Current Price
- $3.05
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
