In this video, Motley Fool energy analyst Taylor Muckerman takes a close look at Chesapeake Energy (NYSE:CHK). This company has had its struggles, and up until recently has been concentrated roughly half in natural gas and half in liquids. However, the recent price tumbles of natural gas have driven Chesapeake to reset its focus; it is moving away from natural gas and toward liquids production. Muckerman takes us through the specifics of just how the company plans to redefine its core business and make this transition, and whether or not these are the right ingredients for the company to make a turnaround.