It was APL that raised the credit limit and I posted this on APl's board
the filing said it opened them up to do a JV- thats my bet. Those on the side risk being left behind if a deal is done. I recon they have one all planned out...
Im long Atls
There is lots of expectations about CHK's coming asset sales and JVs the blood is in the water the money is needed. CHK vs Apl two of the best deal makers in the past... QRE which I also own had a new $500m filing on Fri too. thats 80% of markt cap as of today. People sold it off are scared/dimm.