Natural gas markets continue to melt down, and many market players are now calling for $1.50 gas.
Despite improving net cash provided by operations and increasing oil mix, thanks to the acquisition of WildHorse Resource Development, the financial form of Chesapeake is fragile.
In spite of cheap valuation metrics, Chesapeake’s momentum is clearly bearish and the company’s above-average leverage sustains the downward movement.
Buckle up fellow peekers