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Chesapeake Shares Gain 4% As Market Cheers Kyle Bass Comments, Discount Raymond James Downgrade

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Shares of Chesapeake Energy Corporation (NYSE: CHK) traded up early Monday morning following bullish comments on the energy sector from Kyle Bass on Sunday in a taped interview for Wall Street Week.

The stock recently traded at $4.62, up 2.9 percent. The day's high stands at $4.78.

on Sunday, Benzinga Pro posted, "Kyle Bass Says Now Is Time To Allocate Capital To Energy For Next 2-3 Yrs."

On Monday morning, Raymond James downgraded Chesapeake Energy to Underperform, citing a bearish short-term outlook for Natural Gas alongside financial statement worry.

Posted-In: Intraday Update Movers


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