Chesapeake Energy Wants To Have its Cake and Eat it TooVW Staff
With natural gas prices falling fast, Chesapeake Energy Corporation (NYSE:CHK) is caught between a rock and a hard place with respect to its huge $2 billion acquisition of lease rights to over a million acres of Ohio land. The huge bet that these lands, known as the Utica Shale fields, could turn into oil producing money-spinners is now in question due to Chesapeake’s own cash crunch.
The leases to these lands . . .
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