This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Energy Stocks Trading at Discounts

Chesapeake Energy (CHK - Get Report)

Headquartered in Oklahoma City, Chesapeake Energy is the second-largest producer of natural gas and the most active driller of new wells in U.S.

Recently, the company sold a 33.3% interest in its company's Eagle Ford Shale project in South Texas to China's CNOOC for $1.08 billion cash. Early this year, as a leader in the shale gas technology, Chesapeake struck a similar deal with Total.

The company plans to fund its capital expenditure through these joint ventures in the shale gas space. In the most recent outlook, dated Oct. 12, the company anticipates production increases of 12%-14% for 2010, 16-20% for 2011 and 9-15% for 2012. Production growth will likely remain well above the industry average on continued robust output from the shale gas drilling.

The stock is trading at an attractive P/E multiple of 7.4. In comparison, Cenovus Energy (CVE) has a P/E of 22.1, EnCana (ECA) has a P/E of 23.2 and Talisman Energy (TLM) has a P/E of 27.3.

9 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
ATW $33.26 0.00%
BP $43.23 0.00%
CHK $16.54 0.00%
CVX $109.04 0.00%
JASO $10.34 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs