Chesapeake (CHK -2%) shares are down again on concerns over debt reduction difficulties, but...

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

Chesapeake (CHK -2%) shares are down again on concerns over debt reduction difficulties, but Canaccord keeps the faith that asset sales will keep debt in check. While believing CHK's proclamations are too optimistic, the firm thinks net debt-to-EBITDA should remain modestly under 3x through 2017 if CHK can just achieve the near-term goal of $2.5B-$3B in proceeds.