Chesapeake Energy Corporation (CHK), SandRidge Energy Inc. (SD): A Brighter Future for This Energy Company?

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Though its recent deal with Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI) came in significantly below expectations, the company is optimistic about future asset sales, with Dixon stating, “We’re particularly pleased with the markets response to multiple small asset packages that we have offered.”

Earlier this week, Houston-based Gastar Exploration Limited (USA) (NYSEMKT:GST) announced its plans to purchase a portion of Chesapeake’s central Oklahoma assets for around $85 million.

Prime candidates for divestiture this year include some of Chesapeake’s less valuable assets, with the company currently marketing portions of its acreage in the Marcellus and Utica shales.

Going forward, the company will continue to focus on its core holdings, especially the Eagle Ford in Texas, which is expected to be the main driver of the company’s liquids production growth for the year.

The article A Brighter Future for Chesapeake Energy? originally appeared on Fool.com and is written by Arjun Sreekumar.

Fool contributor Arjun Sreekumar has no position in any stocks mentioned. The Motley Fool has options on Chesapeake Energy.

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