OKLAHOMA CITY (AP) — Chesapeake Energy Corp.'s stock remains undervalued but its price should rise during the coming months, the independent natural gas and oil company's CEO said Tuesday.
On Monday, the Oklahoma City-based company reported a $205 million loss during the first quarter, citing the marking down of the value of derivatives contracts used to guard against rising energy costs. Excluding special items Chesapeake earned $518 million, or 75 cents a share, during the quarter, which was above analysts' expectations.
CEO Aubrey McClendon didn't mention those numbers in a conference call with analysts Tuesday, instead focusing on what he said are three "significant …
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