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The transaction is the buyer's fourth acquisition in eight months and includes margin-boosting royalty interests.
Recovery is not in sight for beleaguered Chesapeake Energy.
As oil and gas prices slump again, these are two of the most vulnerable companies in the entire sector. Shun these dogs of the energy patch at all costs.
Management said the company continues to focus on maximizing shareholder value, which it measures as return on capital employed.