WRD - Chesapeake Energy: Another Cash Flow Jump In Store
Chesapeake Energy (CHK) recently reported fourth quarter results. Those results included a favorable cash flow comparison compared with the year before as well as a reduction in debt due to the Utica Shale sale. But the market generally trades on the outlook. That outlook is extremely bright as the recent acquisition has basically traded mostly gas production for mostly oil production while keeping debt levels significantly unchanged from the "before debt reduction" announcement. Not many managements can pull that off. The fact that Chesapeake Energy managed to increase oil production and get