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It must have taken all of 2 minutes for the news outlets and associated vehicles to pronounce Chesapeake Energy (CHK) on the intensive care list with a really poor outcome. The reality of the situation is not quite that simple though. The fact is that the current panic in the oil market is very favorable for natural gas.
There has been a lot of attention on how the Permian growth has affected the natural gas supply for several years. Now all of a sudden, that logic gets abandoned for the current "intensive care"