Can Chesapeake Turn a New Leaf?

By Joel South – Feb 22, 2013 at 3:17PM

OTC: CHKA.Q

Chesapeake Energy

Is Chesapeake finally heading in the right direction?

Now that Chesapeake Energy (CHKA.Q) 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.

Joel South has no position in any stocks mentioned. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.