SemGroup Picks Up What Chesapeake Is Putting Down
May 11th 2013 12:45PM
Updated May 11th 2013 9:35PM
At this point, it's not really news when Chesapeake Energy reports that it's selling assets to anyone who will buy them. The company's quest to scrape together $4 billion to $7 billion to cover its budget shortfall this year has it in the news seemingly every other week. In this video, Fool.com contributor Aimee Duffy discusses Chesapeake's most recent divestiture, and why the real winner in this $300 million deal is the buyer: Tulsa's SemGroup .
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 SemGroup Picks Up What Chesapeake Is Putting Down originally appeared on Fool.com.Fool contributor Aimee Duffy has no position in any stocks mentioned. If you have the energy, follow her on Twitter, where she goes by @TMFDuffy. The Motley Fool has options on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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