Chesapeake Energy is in the midst of a dramatic turnaround. First, it’s executing its 25/25 plan, which is aimed at increasing production 25% and reducing long-term debt by 25%. However, it’s also executing maybe the most ambitious drilling program in the U.S. onshore market, with more than 100 rigs running. While the increased activity has led to greatly improved liquids production numbers, it’s also extremely expensive. In today’s video, Paul Chi and Matt Argersinger speculate on asset sales that may be forthcoming.
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