Published October 5, 2015 11:04am EDT | Updated October 5, 2015 12:06pm EDT

Chesapeake Energy Rallies, Poised For Second Session Of Strong Gains

Chesapeake Energy Corp. shares climbed Monday, extending gains for a second session, after the the company announced a 15% cut in its workforce last week. The move comes as Chesapeake seeks to reduce expenses on continued weakness in oil and natural-gas prices. Shares of Chesapeake rose 4.4% to $8.24 but the stock is off 58% year to date.