Chesapeake Energy nears $2.4B deal to buy Chief Oil & Gas - Reuters

Jan. 19, 2022 8:38 PM ETChesapeake Energy Corporation (CHK)By: Carl Surran, SA News Editor24 Comments

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  • Chesapeake Energy (NASDAQ:CHK) is in talks to acquire privately owned Chief Oil & Gas for ~$2.4B including debt, according to a Reuters report.
  • A deal for Chief Oil & Gas, founded and controlled by Texas wildcatter Trevor Rees-Jones, reportedly could be announced as soon as this week, although any deal could fall apart at the last minute.
  • Chesapeake is a different company than in the old days, Bank of America analysts said recently in starting coverage with a Buy rating and $90 price target.
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