Τρι, 26 Φεβρουαρίου 2013 - 17:14
Chesapeake Energy Corp. agreed to sell a stake in an oil and natural-gas field to China's Sinopec for $1 billion, as the U.S. company tries to plug a gap in its cash flow.
Investors punished Chesapeake after it fulfilled a nearly yearlong quest to sell at least a stake in its Mississippi Lime acres, which straddle the Oklahoma and Kansas border, saying the company cut too deep a discount in its asking price. Chesapeake shares declined 6.8%, or $1.39, to $19.11 at 4 p.m. Monday in composite trading on the New York Stock Exchange