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SuperLube

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  • SandRidge to sell Gulf of Mexico business for $750M, raises output guidance [View news story]
    1.28 billion but who is counting anyways. Typical SandRidge.... Turn $1 invested into $.50.
    Jan 7, 2014. 08:38 AM | 8 Likes Like |Link to Comment
  • Chesapeake (CHK) CEO Doug Lawler says the $1B asset sale to Exco Resources (XCO) brings the value of CHK's YTD asset sales to ~$3.6B; combined with CHK's anticipated operating cash flow, the sales will allow the company to fully fund its 2013 capital spending budget. The sale is part of CHK's plan to sell up to $7B in assets to raise cash. CHK +0.2% premarket. [View news story]
    Will they have any assets left after 2014? It seems at the rate they are shedding assets that they will be left with nothing in a few years time.
    Jul 3, 2013. 09:07 AM | Likes Like |Link to Comment
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