It is no surprise for investors to see Chesapeake Energy (CHKA.Q) 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 (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.
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Chesapeake Sells Again
By Aimee Duffy and Tyler Crowe
–
May 1, 2013 at 11:59AM
OTC: CHKA.Q
Chesapeake Energy
Chesapeake Energy divests 160,000 acres in the Marcellus Shale.
Motley Fool contributor Aimee Duffy has no position in any stocks mentioned. Motley Fool contributor Tyler Crowe has no position in any stocks mentioned. For more energy information, follow them on Twitter, @TMFDuffy and @TylerCroweFool.
The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Stocks Mentioned
Chesapeake Energy
CHKA.Q
Southwestern Energy
SWN
Sinopec Shanghai Petrochemical
SHI
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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