Trading Halting in Chesapeake Energy After Prices Plunge
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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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