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0.00% 1.5¢ samson oil & gas limited

CHK Rating Downgrade:Analysts said that Chesapeake needs to...

  1. jimmy1000
    686 Posts.
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    19/10/11
    09:59
    Post #: 9159710
    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

    SSN Price at posting: 12.0¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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