There’s been a lot written about Chesapeake Energy (NYSE:CHK) of late and rightfully so. The company is on the brink. We just don’t know which way it will go. With the stock price at a 14 year low, it appears priced for failure. Chesapeake, along with other oil and natural gas companies, is facing the perfect storm of increased production exacerbating a prolonged period of extremely depressed oil and natural gas prices as depicted in the graphs below.