Saturday, November 29, 2008

CHK 15.1% loss on SEC shelf filing

On Friday, November 28, CHK announced the potential issuance of up to 50 million shares of common stock in order to fund future capital expenditures. The company does not anticipate issuing any shares until 2009. The recent filing is viewed by analysts as a move to enhance flexibility and is not a sign that the company is having liquidity issues.

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