Chesapeake Energy Corporation (CHK) came up on my radar from a Yahoo! News Alert Digest article I receive on Carl Icahn. Regardless of what one thinks of Icahn, he is good at sniffing out a way to profit that others don’t easily see.
Looking up CHK I see that they have a good PEG ratio of .9, and another article on Motley Fool about bad energy investments…with Chesapeake as the counter example.
They are at a low price point now, but the chart mechanically looks to be heading further down. I’m going to bet that it goes down a bit further, and also bet on Icahn being his usual right (if not always for the right reason).
Chesapeake Energy Corporation (CHK)