With Chesapeake Energy Blood On The Street, Citi Reiterates Underperform

In the world of bank stock research reports, overtly negative ratings are statistically rare. It’s a coded, nuanced world where “buy” can sometimes mean proceed with caution and “hold” can mean sell. It is with this as a background that Citi’s Marisa Moss must have had engaged in an exceedingly bad meeting, first reported in Barrons, when she and her team met with Chesapeake Energy. Chesapeake Energy debt looks like a hot, leveraged mess When Moss met with the Oklahoma City producer of natural gas, the second largest U.S. producer, the meeting focused on everything that was going right after…