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As Chesapeake Energy (CHK -2.1%) plans some spring cleaning of its portfolio with the hopes of...

Apr. 02, 2013 3:41 PM ETChesapeake Energy Corporation (CHK) StockCHKBy: Carl Surran, SA News Editor
As Chesapeake Energy (CHK -2.1%) plans some spring cleaning of its portfolio with the hopes of raising $4B-$7B this year, Wells Fargo analysts say CHK’s 20% stake in Chaparral Energy is probably worth ~$280M, which would represent a nice gain from the $178M paid in 2006. Much of the proceeds CHK hopes to raise are expected to come from various small assets, and Chaparral seems to fit the bill.

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