Monday, December 8, 2008

Chesapeake Energy ( CHK ) 12/8/08 - Looking to Sell More Assets

Chesapeake Energy ( CHK ) shares have been hit hard over the past several weeks due to deteriorating confidence in once highly respected management. Insider Stocks Sales, Dilution has really hit CHK stock hard. Today, 12/8/08, Chesapeake Energy seems to realize they have burned shareholders and are taking a few steps in the right direction to gain back shareholder confidence.

Chesapeake Energy is looking into selling some Fayetteville Shale Assets and will decrease the shelf offering to 25 million shares.