The Big Change That Chesapeake Investors Have Waited For

By Tyler Crowe – Sep 13, 2013 at 9:18PM

OTC: CHKA.Q

Chesapeake Energy

It took the company a few years, but it appears that the funding issues at Chespeake are behind them.

Time to celebrate, Chesapeake Energy (CHKA.Q) investors. After more than two years of massive sell-offs to meet major funding gaps, the company has just announced that it will not require any additional asset sales to meet its capital budget for the rest of this year, as well as all of 2014. This doesn't mean that the company will completely stop selling, but it certainly changes the approach Chesapeake will take when it does make a sale.

The company's ability to put more of its capital budget toward drilling, and less toward holding lease rights, will certainly help drive production and revenue, But is it enough to change the investment thesis on Chesapeake? Tune into the video below, where Fool.com contributors Tyler Crowe and Aimee Duffy take a deeper look at Chesapeake's turnaround.

Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them both on Twitter@TMFDuffy and @TylerCroweFool, respectively.

The Motley Fool has no position in any of the stocks mentioned. 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.