Merrill Lynch Starts Chesapeake Energy (CHK) at Buy

September 29, 2008 8:52 AM EDT

Merrill Lynch initiates coverage on Chesapeake Energy Corp. (NYSE: CHK) with a Buy rating and $58 price target.

Chesapeake Energy Corporation, an oil and natural gas exploration and production company, engages in the acquisition, exploration, and development of properties for the production of crude oil and natural gas from underground reservoirs.


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