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Jan 26, 2012
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Chesapeake's multi-faceted debt-reduction plan concerns some analysts
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At the same time that Chesapeake Energy is making the expensive transition away from natural gas production to the more profitable oil production, the company is depending on a "mosaic of joint ventures, asset sales and initial public stock offerings of a subsidiary" to raise approximately $7 billion by year's end in an effort to trim long-term debt, according to an article in The Wall Street Journal. Chesapeake's debt-reduction plan is so complex that investors are having a difficult time deciphering the company's financial holdings, the article said. For more read the full story here.
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Posted by
M. Warnock
in
Ohio
United States
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