These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
Chesapeake Energy CHK-Nasdaq
Overweight Price $43.55 on Feb. 17
by Wells Fargo
Following its emergence from Chapter 11 last week, a revamped Chesapeake Energy offers investors differentiated cash flow versus peers still transitioning to Shale 3.0 [a catchphrase for frackers’ drive to fund operations from cash flow, rather than from borrowing or capital raises]. Management will need time to establish a solid Shale 3.0 track record that investors can believe in.