5 Stocks to Buy According to Don Morgan’s Brigade Capital

In this article, we discuss 5 stocks to buy according to Don Morgan’s Brigade Capital. If you want to read a detailed analysis of Morgan’s investment philosophy and current portfolio allocation strategies, go directly to 10 Stocks to Buy According to Don Morgan’s Brigade Capital.

5. Chesapeake Energy Corporation (NASDAQ:CHK)

Brigade Capital’s Stake Value: $9,406,000
Percentage of Brigade Capital’s 13F Portfolio: 1.05%
Number of Hedge Fund Holders: 67

Chesapeake Energy Corporation (NASDAQ:CHK), an independent exploration and production firm, acquires, explores, and develops assets in the United States to produce oil, natural gas, and natural gas liquids from subterranean reservoirs. Chesapeake Energy Corporation (NASDAQ:CHK) stands fifth on the list of Don Morgan’s Brigade Capital.

Benchmark analyst Subash Chandra initiated coverage of Chesapeake Energy Corporation (NASDAQ:CHK) on August 1, assigning the stock a ‘Buy’ rating and a $137 price target. Brigade Capital owns 115,975 shares in Chesapeake Energy Corporation (NASDAQ:CHK) worth over $9.41 million, representing close to 1.05% of its Q2 portfolio.

67 hedge funds from the second quarter database of Insider Monkey reported long bets on Chesapeake Energy Corporation (NASDAQ:CHK), with combined stakes worth $3.53 billion. One of the firm’s notable shareholders is Oaktree Capital Management, which held a $851.64 million position.

In its Q1 2022 investor letter, ClearBridge Investments mentioned Chesapeake Energy Corporation (NASDAQ:CHK). Here is what the fund said:

“In the early days of the invasion, we made two measured changes to the portfolio based on longer-term fallout we anticipate from Russia’s invasion of Ukraine. First, we initiated small positions in U.S. natural gas producers Chesapeake (NYSE:CHK) …. (Click here to read full text).”