Seeking Alpha
  • Asif Suria
    Chesapeake to sell pipeline assets for more than $4 billion $CHK http://reut.rs/L8rPOs
    6/8/12
    Reply (4)
    • Energysystems: Not exactly what I was hoping for as a ACMP owner. Would've liked to hear that those nearly 2k miles of pipeline assets were acquired.
      6/8/12
    • Energysystems: trying to read through the mumbo jumbo. I get the selling of chk's shares of chkm to gip. Not clicking bc I haven't had coffee yet lol
      6/8/12
    • Asif Suria: It is not an outright sale and GIP picks up a 69% stake in ACMP. You are right that it will require more digging to understand the deal.
      6/8/12
    • Energysystems: Well, now ACMP is a standalone mlp, no longer a CHK subsidiary. Which is a huge plus in it's own right.
      6/8/12