Chesapeake Energy Follows Crude And Other Energy Stocks Lower

Chesapeake Energy

shares are trading lower by $0.50 at $7.33 in Monday's session. At this time, there is no specific catalyst for the decline besides weaker Crude Oil prices along with weakness in the entire energy sector. After a lower open, it rallied only a nicker to $7.68 before continuing lower. So far, it has reached $7.23 and is attempting to rebound. That marks the lowest level for the issue since it bottomed on October 2 at $7.02.