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

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.
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Comments (1)
  • ldangelis
    , contributor
    Comment (1) | Send Message
     
    Carl will make this work and Gas prices will rise by 2013...
    5 Nov 2012, 02:34 PM Reply Like
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