Chesapeake Energy receives a "sell" rating based on its debt and risky expansion

An article in the Columbus Dispatch reports that the independent equity research firm, Argus Research, has given Chesapeake Energy a "sell" rating and reduced forecasts for its 2012 earnings following a closer look into its management and finances. The Oklahoma-based Chesapeake, a top investor in Ohio's Utica shale, is "spending at a rapid clip, piling on debt and getting into new businesses that are outside its traditional expertise," the article said.