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Chesapeake Energy cuts spending plans, again, shares slide

2015-11-04 23:03:43| Oil & Gas - Topix.net

Chesapeake Energy slashed its spending plans for the second time this year after posting third-quarter losses of $4.6 billion as it wrote down the value of its oil and natural gas fields. Natural gas prices have been almost halved in the past year and shares of Chesapeake have fallen even faster, giving up another 8 percent Wednesday.

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