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Thursday, June 13, 2013

Chesapeake is Seeing Good Results From Plan

From Seeking Alpha:
Some analysts like the strategy Chesapeake Energy (CHK) is working with: Sell off "non-core for core" assets (what management calls its key drilling sights) and increase production of gas and oil. With a fresh new $3 billion dollar loan afloat from Goldman Sachs, the company plans on being able to meet capital spending needs even though it is expected to have a short fall in cash flow for the next couple years. Cutting expenses is a given! Let's take a look at this strategy and see what the company has going for it.
Read the whole article by clicking here. 

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