Moody's lowers its outlook on Chesapeake Energy (CHK +3.6%) to negative from stable, reflecting...

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

Moody's lowers its outlook on Chesapeake Energy (CHK +3.6%) to negative from stable, reflecting growing risks from CHK's massive capex plan. CHK's cash flows are vulnerable to further declines in natural gas prices, Moody's says, and it remains dependent on completing asset sales to maintain liquidity fund its transition towards higher liquids production.