Latest Slash and Burn Asset Sales from Chesapeake

Back in March MDN told you that Doug “the ax” Lawler and his boss corporate raider Carl Icahn had decided to spin off Chesapeake Oilfield Operating (COO), the oilfield division of the company (see Chesapeake Rushes to Spin Off Oilfield Services into New Company). Today Chesapeake reiterated that COO will be spun off by the end of June. Not only that, but Chessy is dumping a bunch of other assets in order to work down their debt…

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