|Bid||0.00 x 1300|
|Ask||0.00 x 800|
|Day's Range||64.62 - 68.29|
|52 Week Range||40.00 - 73.66|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 24, 2022 - Feb 28, 2022|
|Forward Dividend & Yield||1.75 (2.49%)|
|Ex-Dividend Date||Nov 23, 2021|
|1y Target Est||94.11|
(Bloomberg) -- Chesapeake Energy Corp. is in advanced talks to acquire privately owned natural gas producer Chief Oil & Gas Inc. for about $2.4 billion including debt, Reuters reported, citing people familiar with the matter.Most Read from BloombergEarly Omicron Breakthroughs Show MRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tBiden Expects Russia to ‘Move In’ on Ukraine; Warns of SanctionsStocks Drop as Selloff Puts Nasdaq Into Correction: Markets WrapIs Covid
Chesapeake Energy Corp is in advanced talks to acquire privately owned natural gas producer Chief Oil & Gas for around $2.4 billion, including debt, people familiar with the matter said on Wednesday. A deal for Chief Oil & Gas, founded and controlled by Texan 'wildcatter' Trevor Rees-Jones, could be announced as soon as this week, the sources said. In wildcat drilling, exploration wells are dug in areas not known to be natural resource fields.
Lawler was Chesapeake's CEO for eight years before he was unexpectedly fired in April last year, months after the company's emergence from bankruptcy. He had been widely credited with whittling away Chesapeake's $13 billion debt load with a conservative approach to spending and had shepherded the company through bankruptcy. Lawler would succeed Jack Stark, who plans to retire from Continental by late spring.