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Chesapeake Energy: Brilliant Stock Buyback, But Will It Help?


  • 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.
Before the opening bell, Chesapeake Energy (NYSE:CHK) announced that it had finalized the nearly $5 billion sale of Marcellus assets. Along with the deal completion, the Board of Directors authorized a $1 billion stock buyback plan.

 Read the full article at Seeking Alpha.

 Disclosure: No positions mentioned. Please read the disclaimer page for more details.


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