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Chesapeake Energy is a leading producer of natural gas, a heavy producer of oil and natural gas liquids, and a very active driller of new U.S. wells.
New chairman of board(Archie Dunham) is starting to clean up this mess. Expect an experienced new CEO in the next few months to bring some accountability back to the company. I expect sales of non-core assets to continue until CHK is focused on only a handful of basins(Eagle Ford, Marcellus, Niobrara, and Utica). This transformation could unlock the value in CHK assets.
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