Chesapeake (NYSE:CHK) takes a beating after posting a Q2 loss

Chesapeake, the U.S.' second largest producer of natural gas posted some disappointing Q2 earnings... is this the right moment to scoop it up again? 

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Chesapeake has been disappointing investors for quite some time, minus a brief flirtation with optimism more recently. I'm not convinced the timing is right here. 

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