Chesapeake Energy: Safe to Go Back in the Water?

Last week, Chesapeake Energy ( CHK ) held its first analyst day in two years and the response has been pretty positive . Still, this is Chesapeake Energy, so it's not like anyone is saying their isn't risk. Take Susquehanna's Biju Perincheril and Andy Li , who note that Chesapeake "can be part of a higher-beta portfolio," high-beta being Wall Street speak for risky stocks: