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Timothy Smith

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Timothy Smith

Re: dippyfloppity post# 1858

Saturday, 09/19/2015 1:17:17 AM

Saturday, September 19, 2015 1:17:17 AM

Post# of 18930
Chesapeake Energy (CHK -4.4%) is a major loser today following chatter that it may not be able to raise desired capital with a sale of its Utica shale assets.

Reports say CHK has been hoping for $2B from such a sale but instead has received "low-ball" offers of ~$700M.

CHK has not announced it is selling these assets, but it has been rumored that the company is shopping for potential buyers.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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