In this video, analyst Joel South discusses Chesapeake's strong second-quarter results, including its record net income of $929 million. The company gained a much-needed 10% yesterday after the market digested management's comments and analyses. Second-quarter results were strong, but the market strongly reacted to the company's plan of increasing asset sales to $13 billion to $14 billion for 2012. Click on the video below for more information on Chesapeake's plan of offloading $7 billion in assets over the next quarter and what this means for the company going forward.
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