Chesapeake (CHK; $26.44--Dec. 18; Market Perform; Range $25-$30)CHK: Marcellus sale a continuation of noncore divestitures. Chief Oil announced they have acquired MKR Holdings from CHK for $500MM ... This sale represents a continuation of CHK's noncore divestitures and was included in the $600MM of anticipated Q4 asset sales that management discussed on their Q3 earnings call. Thus, the sale was imbedded in Q4 guidance. News is another positive step for the developing CHK story,......
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