After Chesapeake Energy reported its quarterly results, shares were up big thanks to strong production growth and better-than-expected revenue numbers. The company’s liquids production is now up to more than 130,000 barrels per day, it has hedged natural gas volumes for the year to lock in cash flow, and it has increased its asset sale guidance yet again. While many other oil and gas producers have been struggling this earnings season, Chesapeake has managed to post a solid quarter.
In today’s video, Paul Chi and Matt Argersinger discuss Chesapeake Energy’s quarter and how things are shaping up for this producer for the second half of the year.
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