Chesapeake Energy Corp (CHK)

[ogbull]

More BS from the Manipulators!

"Our rating on Chesapeake Energy remains HOLD as the company struggles to generate cash flow, manage its heavy debt load, and adapt to a lower commodity price environment," Coleman wrote in a note.

"Despite these signs of progress, we believe that Chesapeake will continue to face significant headwinds during a period of low commodity prices," the analyst added.

Coleman forecast that West Texas Intermediate crude will average $40 per barrel in 2016, down from $50 in 2015 and well below the average of $93 in 2014 and $98 in 2013. Oil prices can be volatile, and they could range between $25 and $55 per barrel in 2016.

So... his forecast is for oil to hit $25 --- this guy is another wacko trying to buy CHK on the cheap side. His biggest mistake is not to consider that Chesapeake is the 2nd largest US gas producers behind exxon by only a few cubic meters. Its exposure to oil in minimal! Eighty percent of its income is from natgas which is just about to break into 5-year high. How stupid is it to try to fool Chesapeake investors with nonsensical lies? Analyst make me throw up! Wall Street is nothing but a giant nest of liars and con artists.



Read more: http://www.benzinga.com/analyst-ratings/analyst-color/16/06/8141088/argus-research-still-forecasting-a-loss-for-chesapeake-e#ixzz4CNwkclC1