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Chesapeake Energy (CHK -4.7%) slides in early trading after management warns in its Q3 earnings...

Chesapeake Energy (CHK -4.7%) slides in early trading after management warns in its Q3 earnings conference call that some asset sales could be delayed. Debt reduction targets for 2012 may slip into early 2013 as closings for deals may be pushed into that time period. CHK also says its rig count is down 46% YTD; it is "essentially unhedged for 2013."
Comments (2)
  • Anybody remember Sammy Davis Jr's song "Candyman"?
    Who can paint a picture….
    …dancin’ round and round…
    …sprinkle it w/ optimism to keep the stock from goin’ down..
    …the McClendon Man cannnnnnnnnn…
    The McClendon Man can ‘cuz he picks all his directors who make his comp look goooooood ;-D
    2 Nov 2012, 03:29 PM Reply Like
  • Ngas is undeged for 2013--Oil is 70% hedged I recall.
    3 Nov 2012, 12:48 PM Reply Like
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