Chesapeake Energy: A Turnaround Rally Worth Buying Into

The transformation at Chesapeake Energy CHK is well underway as it looks to become a leaner and more disciplined entity — one that is more suited to weather the ongoing turmoil in the energy markets.

Crude oil and natural gas prices have been highly volatile over the past two years. West Texas Intermediate and Brent crude benchmarks were trading north of $100 per barrel when the collapse started in mid-2014, and bottomed out around $26 per barrel. Oil is now trading around $45 per barrel. Read More…