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.
As Chesapeake Energy (CHK -2.1%) plans some spring cleaning of its portfolio with the hopes of...
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Symbol | Last Price | % Chg |
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CHK | - | - |
Chesapeake Energy Corporation |