Chesapeake Energy (NYSE:CHK) struggled through a tough 2012 as the company received a 30% haircut in share price. The good news for investors is that 2013 holds more promise with new leadership and a focused approach on lowering the company's financial leverage. Chesapeake maintains a prominent position in 10 of the 15 top shale plays in North America, and plans on focusing solely on oil-heavy assets on its way to increasing its liquids growth by 27% in 2013. Check out the video below for three key opportunities investors need to watch out for. 

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. Try any of our Foolish newsletter services free for 30 days. 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.