“Chesapeake Energy Extends Gains as Oil Recovers…”

“Shares of Chesapeake Energy tore higher again on Friday, adding to gains of more than 90% in the past three days, after the oil and hydrocarbon driller announced it adopted a poison pill to thwart any takeover attempts spurred by its low stock price. Shares of Chesapeake climbed a whopping 31% to $36 in trading on Friday after a rebound in crude-oil prices from unprecedented negative territory continued to help lift the Oklahoma City-based driller’s stock price, which has now more than doubled since closing Monday at a record low of $14.38. Chesapeake’s shareholder rights plan can be exercised if a person or group acquires 4.9% or more of the company’s outstanding common stock, the company said in a statement…”

https://finance.yahoo.com/m/f9e59b85-afdf-3e8e-baee-a17a20a34fc9/chesapeake-energy-extends.html

Oh wow. I should have acted on my initial gut feeling to invest in this stock when it went below 30 cents. I didn’t unfortunately. Oh well that’s the past now. Can’t win them all.

I’ve been in stocks a little of a year now and this is the first time I’ve actually seen a stock increase in price after a reverse stock split. So like 1 out of 20 or 30 companies will actually go up. (That’s if I go by what I’ve seen personally.) I’ll have to remember that.