Eagle & Beagle
This week's eagle is a company that may be gaining a bit of altitude amid the downdrafts of heavy scrutiny.
Oklahoma City's own Chesapeake Energy Corp. is no stranger to the headlines, many of which have been skeptical of the firm's leadership and direction in recent months. But over the past two weeks, CHK shares gained 8.2 percent. The stock closed Friday at $20.81.
The stock's best day over the last 10 came on the same day CEO Aubrey McClendon appeared on CNBC with legendary shouter Jim Cramer. McClendon continued to tout his company's plans to improve its governance, sell assets and cut debt, and shift more production toward oil and liquids and away from low-priced natural gas.
While Chesapeake shares remain down for the year, the chart is reflecting some upward momentum in recent weeks after bottoming out in mid-May.
Next big event for investors: A Nov. 2 earnings call and operational update.
Our beagle, Oklahoma City-based energy firm GMX Resources, is making a move to boost its stock price.
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