Chesapeake Energy Agrees With Activist That Stock Is Undervalued
- CEO comments come after Kimmeridge takes stake in company
- Chesapeake says its Eagle Ford wells add ‘significant value’
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Chesapeake Energy Corp. said it’s in discussions with an activist investor claiming the shale driller is undervalued.
“I don’t think there’s a gap in how we all see the world,” Chief Executive Officer Nick Dell’Osso said in reference to Kimmeridge Energy Management Co.’s investment in Chesapeake. “I think we share Kimmeridge’s view that our stock is undervalued.”