Chesapeake Sells Again
May 1st 2013 11:59AM
Updated May 1st 2013 12:51PM
It is no surprise for investors to see Chesapeake Energy 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 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.
The article Chesapeake Sells Again originally appeared on Fool.com.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. 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.
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