From Barron's Stocks to Watch Today:
After initially falling, Chesapeake Energy (CHK) stock revenersed course following the release of its second quarter earnings report, which showed better than expected revenue. Shares were up about 3.5% after-hours.And from Reuters:
The oil and gas producer posted 6 cents of core EPS, 3 cents below expectations. Revenue of $3.39 billion beat expectations for $2.42 billion. Production grew 25% year over year and 4% sequentially. The company also said it now expects to sell $11.7 billion in assets through the third quarter.
Chesapeake Energy's second quarter profit rises on asset sale