Credit Bubble Stocks

Tuesday, May 22, 2012

Oppenheimer Says $CHK Selloff a Buying Opportunity; Estimates NAV >$39

"Oppenheimer has come out with a vigorous defense of Chesapeake, saying the panic sell-off is a buying opportunity. Despite the relentless attacks by the media, the firm believes Chesapeake's net asset value, after the pending asset sales, is "several times its current share price" [...] conservatively estimates net asset value in the $22-37B range, or $39-63/share."
CP at 10:01 AM

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