Chesapeake is settling down and focusing its efforts on reducing its enormous debt load of $13.8 billion. The company has publicly stated it intends to offload $7 billion in assets this quarter to shore up its balance sheet. The second-largest natural gas producer is also looking to deal vast acres in the promising Permian Basin in West Texas. The trick is to find buyers that will offer top prices. But who might be in on the Chesapeake sweepstakes? Watch the video below for more information.
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Joel South has no positions in the stocks mentioned above. The Motley Fool owns shares of Apache and has the following options: long JAN 2013 $16.00 calls on Chesapeake Energy, long JAN 2013 $25.00 calls on Chesapeake Energy, long JAN 2014 $20.00 calls on Chesapeake Energy, and long JAN 2014 $30.00 calls on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. 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.