Debt consolidation strategy.(Reuters) -
Shares of Chesapeake Energy Corp (CHK.N), the second largest U.S. producer of
natural gas, fell to the lowest level in more than a year on Friday, hit by a
drop in prices for that fuel.Shares of Chesapeake fell to an intraday low of
$21.61, under pressure from a slide in natural gas prices. U.S. natural gas
futures slid to a 28-month spot chart lows amid concerns over a mild winter,
bloated inventories and record production.Argus Research oil analyst Phil
Weiss, who rates Chesapeake a "sell," cut his earnings estimates on the company
on Friday, citing low gas prices.Chesapeake, which is shifting spending to
exploration for pricier crude oil and natural gas with a high liquids content,
has not hedged its 2012 gas production and has little price protection.
Questi che fanno ? falliscono???