It's Wednesday, February 22nd, and this is Market Foolery.

I'm Chris Hill and joining me in studio today for Motley Fool Hidden Gems, Andy Cross, and from

Motley Fool Inside Value, Joe Meager.

Gentlemen, good to see you.

Howdy.

Hi, Chris.

Johnson and Johnson is getting a new CEO.

We have earnings from Dell, but we are going to start with Chesapeake Energy.

Fourth quarter earnings for Chesapeake Energy and nearly double what they

were a year ago. Oil production is way up, but Joe, shares still down this morning.

What's going on?

Well, one thing you gotta keep in mind

when you look at a company like Chesapeake is that it's not easy to actually discern

what's going on looking at the financials that's a gross understatement with Chesapeake.

But when you look at their results, you've got all sorts of moving parts.

One is hedges, and some of these things can impact prices.

So a lot of times, oil and gas companies will lock in future prices on their production

so they can keep a favorable price and they can budget better.

Chesapeake does that and they've historically been very good at it. This time around it treated them well, but I think ultimately people were hoping for more production growth potential here, better reserves data than was posted, so the amount of actual oil and gas they've gotten the ground.

You know, I don't know how excited investors are about the stock at large.

I think people are still pretty skeptical of the assets

plan yeah and then there's some news that the that some of the prospects in the

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