Chesapeake's 2013 Funding Gap Estimated at $3.5 Billion

From Bloomberg:
Chesapeake Energy Corp. (CHK), the U.S. natural gas producer that asked its chief executive officer to resign last week, estimated its spending commitments will exceed cash flow by about $3.5 billion this year.
Chesapeake plans to sell oilfields, gas-processing plants and other assets to cover the funding gap and repay debt, Jeffrey Mobley, vice president of investor relations, said during a presentation at a Credit Suisse Group AG conference today.
Read the whole article here.

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