CHK Rating Downgrade:
Analysts said that Chesapeake needs to raise about $8 billion to fund its capital spending, but the company may not meet its projected price of $12,000 to $16,000 per acre for a joint venture sale of about 30% of its Utica shale in Ohio.
http://www.marketwatch.com/story/chesapeake-off-on-downgrade-energy-shares-dip-2011-10-18?link=MW_latest_news
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