Skyrocketing prices of Chesapeake Energy shares are getting some attention in the stock market.
As Seeking Alpha notes, Chesapeake shares have jumped 50% in the past three months and it’s largely due to a “rally in natural gas pricing.”
The investment company says Chesapeake Energy is likely to reap the benefits of a growing increase in natural gas prices. Natural gas prices have risen from less than $2/MMBtu in May to more than $3.20/MMBtu this week.
