Chesapeake Energy (CHK -2%) is reinstated with a Neutral rating and $26 price target at Goldman...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

Chesapeake Energy (CHK -2%) is reinstated with a Neutral rating and $26 price target at Goldman Sachs, as the firm says favorable core positions in the Eagle Ford, Marcellus and Utica shales are offset by a funding gap that limits the pace of development. CHK may need to see larger-scale sales/separation of core acreage to receive market value/acre for key positions.