Chesapeake's Exploration Expansion?

Chesapeake Energy intends to increase its exploration and production budgets for 2009 and 2010 by $400 million and $300 million. Although not known for its financial discipline in the last several years, the natural gas producer insists it can cover its capital spends through asset monetizations, joint ventures, and increased production. Chesapeake has demonstrated some success with asset sales to date, but can the company live within its cash resources if weak natural gas prices persist during the next two years?

http://industry.bnet.com/energy/10002161/another-spending-spree-at-...

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Permalink Reply by Jon Williamson on September 28, 2009 at 16:42
No
Permalink Reply by ken hatcher on September 30, 2009 at 3:22
They have the asset's to be ok, but right now their net profit margin is -21.53%

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