Now that Chesapeake Energy (NYSE: CHK ) has made some changes to its leadership and management, is the company finally on the right track? While the company beat recent earnings expectations, much of the investor focus has been on the company's huge amount of debt. It recently brought that debt down by $12 billion by selling off some of its Permian and midstream assets, yet $4 billion remains. In this video, Motley Fool energy analyst Joel South tells investors what's ahead for Chesapeake, and whether the company is on the road to prosperity.
Energy investors would be hard-pressed to find another company trading at a deeper discount than Chesapeake Energy. Its share price depreciated after negative news surfaced concerning the company's management and spiraling debt picture. While these issues still persist, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand-new premium report on the company. Simply click here now to access your copy, and as an added bonus, you'll receive a full year of key updates and expert guidance as news continues to develop.