Chesapeake Energy Is Getting Cheaper

My definition of an expert is a person who knows more and more about less and less until he knows everything about nothing at all. T. Boone Pickens is the guy I consider a expert when it comes to the narrow field of Texas oil and gas. He is the guy who said there were two ways for the U.S. to become energy independent in energy production and he is putting a lot of money on both wind and natural gas.

You cannot turn on a TV discussion about natural gas without hearing them mention Chesapeake Energy (CHK) and right now it's selling at a 19.86 discount to its recent high.

Chesapeake Energy Corporation, together with its subsidiaries, produces natural gas in the United States. The company focuses on discovering, acquiring, and developing conventional and unconventional natural gas reserves onshore in the United States, primarily in its six natural gas shale plays: the Barnett Shale in the Fort Worth Basin of north-central Texas; the Haynesville and Bossier Shales in the Ark-La-Tex area of northwestern Louisiana and east Texas; the Fayetteville Shale in the Arkoma Basin of central Arkansas; the Marcellus Shale in the northern Appalachian Basin of West Virginia, Pennsylvania; and New York and the Eagle Ford Shale in south Texas


Source: Seeking Alpha 


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