Bottom line:
Chesapeake is one of the most polarizing stocks I've seen. I side with the bulls on this one, because I'm a sucker for a company with a ton of hard assets, but I acknowledge that the bears have very good arguments. As such, I will be watching this company closely to see if it continues its plan to reduce debt and increase production. It would signal the end of the era of irresponsibility and bring about a higher share price.Chesapeake has a Bakken position.
