Tuesday, October 18, 2011
Chesapeake downgraded at JP Morgan...
Chesapeake Energy (CHK -4.8%) is downgraded to Neutral from Overweight at JPMorgan, skeptical about CHK meeting its projected price of $12K-$16K/acre for a joint venture sale of about 30% of its Utica shale in Ohio. Over the longer term, caution comes from uncertainty about CHK’s ability to fund its spending.
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