One of the stocks to have emerged as a strong performer so far this year is that of Chesapeake Energy (NASDAQ:CHK), which has clocked gains of 30% during the period under consideration.
Not too long ago, the company reported its financial results for the second fiscal quarter. However, in this context, it is necessary to point out that there is not much in those numbers that could be ultimately meaningful to investors. The real numbers are going to be visible to investors when all the reorganisation initiatives are out of the income investment. Only then a clearer picture is going to emerge.
In addition to that, the company also completed an acquisition recently and that is also expected to have a material effect on the numbers. On the other hand, investors also need to remember that Chesapeake Energy has recently made a big move into the natural gas space and it remains to be seen if the move turns out to be a success or not. The debt ratio has been kept low at this point and that is importantly, considering the fact that Chesapeake recently emerged from a bankruptcy episode. It is a stock that investors could keep an eye on in the coming days.
Oil and gas investors may also want to look at Allied Energy Corp. (OTCMKTS PINK: AGYP) as it begins pumping oil from wells in Texas. While energy price and demand reach record highs, AGYP is an independent that has literally struck oil and has started pumping barrels when domestic buyers need it most.
