The last year has been a bumpy one for Chesapeake Energy. When natural gas prices collapsed several years ago, many firms across the industry moved towards liquids as a panacea. The same group of execs that tanked the natural gas markets in the U.S. through over production went on to overproduce in shale, resulting in the current morass. It is little wonder then that firms like Chesapeake have had little refuge from the chaos in recent quarters. CHK reported a $2.2 billion loss in its most recent quarter, reflecting the market carnage. After a collapse of 90 percent in the 12 months ending in February, the stock bottomed at $1.50 a share. Since that time, CHK has rallied more than 400 percent, closing close to $7.00 a share by late April. While the company has been humbled, the stock still sports a market capitalization of more than $4 billion. […]