It is no surprise for investors to see Chesapeake Energy (OTC: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 (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.
Motley Fool Returns
Stock Advisor S&P 500
Stock Advisor launched in February of 2002. Returns as of 11/27/2020.Join Stock Advisor
Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return
- Energy Transfer Gets Government Backing in Contract Dispute With Chesapeake Energy
- How Chesapeake Energy's Bankruptcy Could Affect Pipeline Stocks
- Chesapeake Energy Just Declared Bankruptcy: What Happens Next
- When a Company Pays for Stadium Naming Rights, Is It Time to Cut and Run On Its Stock?
- Why Chesapeake Energy Stock Fell 10% on June 29