Exclusive: Chesapeake’s Journey to Becoming ‘Most Compelling Investment Opportunity’

Chesapeake Energy has a story to tell investors about being “frankly, the most compelling investment opportunity in the energy space right now,” CEO Nick Dell’Osso told Hart Energy in an exclusive interview.

Exclusive: Chesapeake’s Journey to Becoming ‘Most Compelling Investment Opportunity’

Chesapeake Energy this week doubled its buyback program to $2 billion. “We’re putting our money where our mouth is,” Dell’Osso said. (Source: Chesapeake Energy Corp.)

Chesapeake Energy Corp. is putting its money where its mouth is, so to speak.

Six months after authorizing a $1 billion share buyback program in December, the Oklahoma City-based producer has done it again. Chesapeake announced this week its board of directors agreed to double the buyback authorization to $2 billion proffered by the end of 2023.

Since December, the company has repurchased roughly 5.4 million shares of its common stock at an average price of approximately $89 per share.

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