Chesapeake (CHK) must raise at least $7B through asset sales this year and another $2B next year...

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

Chesapeake (CHK) must raise at least $7B through asset sales this year and another $2B next year to comply with credit line covenants, Jefferies calculates, and to get there it may be forced to part with some of its prized assets in undeveloped oil shale fields in Ohio and south Texas. The current market environment makes CHK's plan to spin off its oilfield services subsidiary "unlikely."