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Chesapeake Energy: Prime Takeout Candidate

2016-02-22 19:31:51| Paper - Topix.net

Twelve days ago, Chesapeake Energy NYSE: crumbled under an unsubstantiated rumor that the company was about to file bankruptcy. The stock gapped down from $3.06 opening up at $2.56 and trading down to the $1.50 level a massive 50% sell-off with trade being halted 5 times in the first two hours.

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