Chesapeake Energy (CHK +0.5%) says it now expects to sell its assets in the Permian Basin in...


Chesapeake Energy (CHK +0.5%) says it now expects to sell its assets in the Permian Basin in Texas and New Mexico entirely, rather than find a joint venture partner as it had initially said. The sale is needed by the exploration and production company to help close a funding gap this year that could climb as high as $6B.

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Comments (2)
  • Choosh
    , contributor
    Comments (598) | Send Message
     
    A surprisingly prudent move given the CEO's history. As a share holder I'm glad to hear we will exchange some future possible bonanza for a better balance sheet.
    27 Mar 2012, 11:34 AM Reply Like
  • 012154
    , contributor
    Comments (2) | Send Message
     
    I wonder how this will affect the CHKR trust? Anyone have any insights on this?
    27 Mar 2012, 12:14 PM Reply Like
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