Seeking Alpha

While Chesapeake's (CHK +0.3%) latest deal represents yet another underwhelming sale print,...

While Chesapeake's (CHK +0.3%) latest deal represents yet another underwhelming sale print, Sterne Agee says the takeaway is CHK is executing toward its 2013 asset sale target with minimal cannibalization of its production stream. For Wells Fargo, the bigger picture is CHK is now close to the bottom-end of its targeted asset sale range, something Wall Street thought was unlikely just 6-9 months ago.
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