In the video below, Motley Fool energy analysts Joel South and Taylor Muckerman discuss Chesapeake Energy (NYSE: CHK ) and what to expect after the company sold the remainder of its midstream assets to Access Midstream Partners (NYSE: ACMP ) .�
Shareholders want to know when Chesapeake will start closing the gap between its share price and its net asset value. While the answer to this question will unfold over the coming years, Chesapeake made progress last week by closing its funding gap and reaching�management's�stated goal of $9.5 billion net debt.�
In addition to cutting its net debt by $6.5 billion in the past five months, Chesapeake also has $7 billion in liquidity, which should close 2013's funding gap. Check out the video below to see if this lighter Chesapeake is ready to surge over the next year.�
Energy investors would be hard-pressed to find another company trading at a deeper discount than Chesapeake Energy. Its share price depreciated after negative news surfaced concerning the company's management and spiraling debt picture. While these issues still persist, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand new premium report on the company. Simply click here now to access your copy, and as an added bonus, you'll receive a full year of key updates and expert guidance as news continues to develop.
No comments:
Post a Comment