4 Energy Stock Stories at the Pump
Chesapeake Energy Corporation (NYSE:CHK): Closing price $16.73
Observers and investors do not appear to believe that the changes the natural gas producer announced on Monday are moving its turnaround quickly enough, as shares fell by another 2.2 percent Thursday, extending losses for the week thus far to almost 5 percent. During the past 12 months, Chesapeake shares have lost 28 percent, as investors impatiently await updates regarding the its asset-sales program, which is the crux of its struggle to remain solvent. It had been anticipated that the program would be concluded in 2012, but now reaches into 2013.