It is engaged in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs. This week we’ll take a look at:Ĭhesapeake Energy Corp is a US-based exploration and production company. The top investor data is provided from their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. McClendon's personal lender, EIG Global Energy Partners, is also a big source of funding for Chesapeake, a situation that may cause conflicts of interest, according to analysts.Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. The company's 2012 funding shortfall comes as natural gas prices are the lowest in a decade.Ĭhesapeake has already announced that it is looking to sell its 1.5 million acres of lease holdings in the oil-rich Permian basin as well as find a joint venture partner in another liquids-rich region, the Mississippi Lime basin, in order to raise cash.Īnalysts and investors have also called for change at the company after reports that McClendon had taken out more than $1 billion in loans using his interest in thousands of company wells as collateral. The DJ Basin deal includes oil and gas production from 29 wells plus Chesapeake's interest in 24 non-operated wells. energy company scrambles to raise cash to close a funding shortfall.Ĭhesapeake, which earlier this month arranged a pricey $4 billion loan from its investment bankers to tide it over, has said it will sell as much as $11 billion in assets this year to plug its shortfall. Chesapeake Energy ( NYSE:CHK) late Thursday put 504,000 acres in the DJ Basin in Wyoming and Colorado up for sale, as the U.S.

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