Take a Chance on Chesapeake Energy Stock. It’s a Cheap Way to Play Natural Gas.

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The aboriginal 2000s mantra of “drill, baby, drill” was palmy successful 1 regard—it flooded the marketplace with vigor supply, pushing prices sharply lower. For investors, though, it was a unspeakable deal. As U.S. shale oil-and-gas producers binged connected indebtedness to summation production, their stocks lagged behind. The vigor assemblage fundamentally sat retired the decadelong bull marketplace pursuing the fiscal crisis.

Now, U.S. vigor executives, investors, and analysts are waxing poetic astir “Shale 3.0.” The industry’s caller epoch promises little debt,...

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