Chesapeake climbs back from selling spree with $5-billion liquidity

摘要

Two years of selling billions of dollars worth of assets can put a spring in a company's step. Today, Chesapeake Energy Corp. finds itself with liquidity of nearly $5 billion, fair third-quarter earnings per share and manage- ment that likes to improve margins by cutting costs. Chesapeake's stash could be used to fund growth, but that's unlikely, says Jason A. Wangler, an analyst with Wunderlich Securities Inc.