Trading Halting in Chesapeake Energy After Prices Plunge

Trading Halting in Chesapeake Energy After Prices Plunge

Posted by Bob Sands on

In a matter of a couple of hours trading in Chesapeake Energy stock lost half its value and trading was halted three times.  The plunge began after reports that the natural gas company had hired a debt restructuring law firm.  The company confirms it has worked with the lawfirm for a number of years and continues to at this time but Chesapeake says it "has no plans to pursue bankruptcy."

 

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