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Commodities Briefing - Categorized | Energy, M&A more

BP weighs chesapeake deal

Posted on 16 October 2008

From WSJ: Oil giant BP PLC is exploring a potential deal to buy natural-gas properties from once highflying Chesapeake Energy Corp., according to people close to the British company’s thinking.

A deal would be an early sign that cash-rich global oil companies are prepared to embark on a spending spree as smaller natural gas producers scramble to raise cash amid declining energy prices and tight capital markets….. Full Article: Source


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