Chesapeake Energy is in the midst of a dramatic turnaround. First, it’s executing its 25/25 plan, which is aimed at increasing production 25% and reducing long-term debt by 25%. However, it’s also executing maybe the most ambitious drilling program in the U.S. onshore market, with more than 100 rigs running. While the increased activity has led to greatly improved liquids production numbers, it’s also extremely expensive. In today’s video, Paul Chi and Matt Argersinger speculate on asset sales that may be forthcoming.
Matthew Argersinger has no positions in the stocks mentioned above. Paul Chi owns shares of Chesapeake Energy. The Motley Fool has the following options: long JAN 2013 $16.00 calls on Chesapeake Energy, long JAN 2013 $25.00 calls on Chesapeake Energy, long JAN 2014 $20.00 calls on Chesapeake Energy, and long JAN 2014 $30.00 calls on Chesapeake Energy. Motley Fool newsletter services recommend Total. 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.