Chesapeake Energy: Brilliant Stock Buyback, But Will It Help?
Summary
- Chesapeake Energy closes deal with Southwestern Energy to sell Southern Marcellus Shale assets providing a significant liquidity injection.
- Chesapeake surprises the market with the authorization of a large stock buyback.
- The brilliant moves to improve liquidity and reward shareholders can't overcome the weak commodity environment.
Read the full article at Seeking Alpha.
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