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

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

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."