Susquehanna’s Biju Perincheril and Andy Li raise their CHK price target …

to $6.50 from $4.50.  In the opinion of this author, this forms a new base for the stock.  On Oct. 20, Chesapeake Energy (CHK) will host its first Analyst Day in two years.  Investor confidence is building and the stock reached as high as $6.60 this morning.  Volume is muted at 34.6% of the 3 month average.  Crude oil dropped this morning, but recovered up $0.14 or 0.28%.

’17 and ’18 EPS decline to gains of $0.21 and $0.60, respectively (down from $0.26 and $0.68), primarily reflecting higher interest and share counts, offset by modest improvements in LOE and nat gas realizations.

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