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.
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at Benzinga.com (Thu, 11:18AM)
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Wunderlich Securities Sees Chesapeake Energy Staying Aggressive On Spending Front Given Ample Cash Balanceat Benzinga.com (Thu, 7:30AM)
The Wall Street Journal: Chesapeake Energy cuts rig operations after disappointing quarterly resultsat MarketWatch.com (Wed, 1:53PM)
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