Why Is Chesapeake Selling Oil-Heavy Assets?
In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman discuss a new deal by Chesapeake Energy to sell off some acreage in two solid shale plays. Joel breaks the deal down for investors and talks about the production the company will be losing, as it moves toward its goal of selling off between $6 billion and $7 billion in assets this year. He also explains to investors why the company needs that funding at the moment, and what its development plans are for the future.
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The article Why Is Chesapeake Selling Oil-Heavy Assets? originally appeared on Fool.com.
Joel South owns shares of Ford. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Ford, owns shares of Ford and General Electric, and 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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