Daily Mail says Chesapeake a rumored target of oil majors

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

The Daily Mail passes along a rumor going around earlier that Chesapeake Energy (CHK) could be takeover bait for the likes of BP or Royal Dutch Shell (RDS.A, RDS.B) at ~$40/share.

Early morning strength in the shares may have been attributed to the rumor, but most gains fell away into the afternoon; shares closed +0.3% but have picked up ~2% AH.