Chesapeake Energy Corp (CHK)

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Chesapeake Energy Corp. CEO Doug Lawler on Friday detailed the company's ongoing efforts to cut costs and reduce debt and discussed his frustration with at least one analyst opinion of the company.

Following the formal portion of Chesapeake's annual meeting, Lawler answered questions from shareholders, including one seeking his opinion on a recent Barclays report that set a stock price target of $1 for Chesapeake shares.

"I think that's total garbage," Lawler said. "The analysts have a unique perspective that their entire windshield is filled by the rearview mirror."

"Those reports take so much information from the past and a lot of inaccurate information and take it to promote trading, whether it be a long or short position."

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