With the broader market closing significantly weak, Chesapeake Energy (CHK) was smashed lower (intra low $4.69), settling -11.9% @ $4.86, the lowest level since 2002. Near/mid term outlook for Nat' gas - and related stocks remains bearish
Suffice to note... the Nat' gas related stocks remain an utter train wreck.
CHK was trading @ $29.37 in July 2014. Today's move to the mid $4s just continues a trend that looks set to last into 2016.
*I have no position.. but I do keep a close eye on CHK. Considering the current price, Mr Market sure is suggesting the company faces severe problems.
If CHK can survive the current multi-year collapse in Nat' gas prices, I'd imagine it will eventually be a takeover target... but for now, CHK looks overly risky... and I have no intention to get involved.