Some trends in the energy stock trade have a history of consistency, and ones of those trades has been Chesapeake's proven ability to generate positive trading momentum for its shares by announcing deals that raise cash to work off the mountain of debt it has amassed -- the oft-quoted twice the level of debt of Exxon Mobil (XOM) for a company 27 times smaller than the world's largest oil company.
It looks like the low natural gas price environment and the ceaseless talk of a "one handle" futures quote (down into the $1s on the one-month futures contract) as being fated in the energy market, may now hold the trump card when it comes to Chesapeake's lack of market momentum.
Natural gas was down another 3% on Tuesday to just above the $2 mark, a day after
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