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Chesapeake Stock Jumps After McClendon Earnings Call | Marcellus Drilling News
Investors were positively giddy after Chesapeake Energy’s CEO, Aubrey McClendon, said on an earnings call yesterday that the company plans to sell three Permian Basin packages in the third quarter, which he expects to bring in another $7 billion. McClendon’s new expected total haul from asset sales for 2012 is $13-$14 billion. That sent stocks