Is Now the Time to Buy Chesapeake Energy?
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
Chesapeake Energy recently drilled a gusher in the Anadarko Basin. David feels that the find is truly impressive. He still doesn't think the company is worth the risk, however. It's unhedged against natural gas and is looking to make massive asset sales in order to raise cash to pay its debts. David prefers SandRidge Energy with its growing oil production.
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At the time this article was published David MeierandJohn Reeveshave no positions in the stocks mentioned above. The Motley Fool owns shares of Devon Energy and has the following options: long JAN 2013 $16.00 calls on Chesapeake Energy, long JAN 2013 $25.00 calls on Chesapeake Energy, long JAN 2014 $20.00 calls on Chesapeake Energy, and long JAN 2014 $30.00 calls on Chesapeake Energy. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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