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Why Chesapeake Energy Stock Is Falling Today

renewable energy

Chesapeake Energy stock fell as much as 50% Monday morning following a report that the troubled natural gas producer had hired a restructuring firm.

Although Chesapeake Energy denied any plans to file for bankruptcy, CHK stock remained down about 30%. The Chesapeake Energy stock price is down more than 90% over the past 18 months.

But the worst is not over for Chesapeake Energy stock. Here's why CHK stock remains very high risk...

Should I Buy Chesapeake Energy Corp. (NYSE: CHK) Stock?

chk stock

Lately Chesapeake Energy Corp. (NYSE: CHK) stock has been getting some unwanted attention from short sellers. A lot of traders see CHK stock weakness, and they want to profit from an anticipated fall in the CHK stock price.

There may yet be a compelling case to buy CHK stock. Natural gas prices have regained slightly, meaning the March lows could signal a bottom. Perhaps its oversold? Maybe it's in for a nice pop on a short squeeze?

Here's what you'll want to consider before buying this natural gas giant...

Chesapeake Energy (NYSE: CHK) Stock Flat on Earnings; This Is CHK's Most Important Figure

CHK stock

Chesapeake Energy Corp. (NYSE: CHK) stock closed up nearly 0.5%, despite the fact that the company reported a net income loss of 67% compared to the previous year.

CHK reported Q2 net income of $0.22 per share, which was down from $0.66 per share in the same quarter last year. Excluding one-time items, earnings per share (EPS) was $0.36. That was down from the $0.44 per share analysts polled by Bloomberg had anticipated.

While the net income figures were down drastically, much of the other figures from the earnings report were quite positive. Especially this one…

Chesapeake Energy Corp. (NYSE: CHK) Will Spin Off Oilfield Services Business

Chesapeake Energy Corp. (NYSE: CHK) has taken the first steps to spin off its oilfield services unit.

The second largest U.S. natural gas producer, behind only behemoth Exxon Mobil Corp. (NYSE: XOM), reported Monday it has filed paperwork with the U.S. Securities and Exchange Commission for the possible separation. The company also confirmed Morgan Stanley (NYSE: MS) has been retained to evaluate strategic options for the business, Chesapeake Oilfield Operating LLC (COS).

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