Chesapeake (CHK -1.1%) swings sharply lower after its opening pop, as analysts question whether...

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

Chesapeake (CHK -1.1%) swings sharply lower after its opening pop, as analysts question whether it got top dollar for the Permian Basin acreage; some had expected the sales to reap $4B-$5B (I, II, III). The deal has "helped them climb up the wall in this hole they've dug for themselves, but they are not there yet," Argus' Phil Weiss says.