Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Chesapeake Energy (NYSE: CHK) finally had a good day, jumping as much as 11% after the company said asset sales would continue.

So what: Late Friday it was announced that the company had secured a $3 billion loan and there were reports that Carl Icahn would take a stake in the company. The loan fills a funding gap but is costing the company a hefty 8.5% per year. The company is planning to sell assets to pay down some of the debt and today CEO Aubrey McClendon said the company would get the asset sales done.

Now what: There's a ton of uncertainty surrounding McClendon, as well as the company's financial position, so any pop or drop should be taken with a grain of salt. Investors are now calling for McClendon to be fired and that may provide another pop, but an estimated $10 billion funding gap this year will keep me from buying anytime soon. Chesapeake will have to sell assets at a discount because of low natural gas and now oil prices, and I wouldn't want to buy in until there's some clarity surrounding the company's financial future.

Interested in more info on Chesapeake Energy? Add it to your watchlist by clicking here.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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