Chesapeake Energy (CHK) is saddled with $1.4B of previously unreported liabilities due over...
Thursday, May 10, 2012, 3:53 PM ETChesapeake Energy (CHK) is saddled with $1.4B of previously unreported liabilities due over coming years from off-balance sheet deals, WSJ reports. The company has commitments to banks requiring delivery of specific amounts of oil and gas. These so-called VPPs are essentially debts, with payments due in fuel rather than cash. Shares take a tumble, -1.7%.
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