Market Currents
Chesapeake (CHK +2%) agrees to sell ~57K net acres in the Eaglebine formation in Texas for $125M...
-
Tuesday, September 11, 2012, 12:49 PM ETChesapeake (CHK +2%) agrees to sell ~57K net acres in the Eaglebine formation in Texas for $125M to emerging oil and gas producer Energy & Exploration Partners. CHK is in the process of divesting lots of oil and gas acreage to steady its financial ship and reduce its capital spending commitments.
Other date
Latest Energy & Materials Articles
This news story has 1 comment:
So it is selling 10% of its assets for $19 billion, yet the market cap is just $13 billion.
I wish it would sell 10% more of its assets and buy back 50% of the shares and end the Wall Street stupidity.