It is no surprise for investors to see Chesapeake Energy (NYSE: CHK ) in the news for yet another asset sale. This time the company is selling 162,000 net acres in the Marcellus Shale to Southwestern Energy (NYSE: SWN ) for $93 million. In this video, Fool.com contributor Aimee Duffy take a look at the details of this deal and how it fits into Chesapeake's long-term goal of divesting $4 billion-$7 billion in assets this year.
Energy investors would be hard-pressed to find another company trading at a deeper discount than Chesapeake Energy. Its share price depreciated after negative news surfaced concerning the company's management and spiraling debt picture. While the debt issues still persist, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand-new premium report on the company. Simply click here now to access your copy.