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Natural Gas' 80% Boom Could Be 'Short-Lived.' Here's Why.
Several natural gas producers have curbed production to reduce the oversupply, but they could bring it back quickly, one analyst warns.
Chesapeake Energy (NASDAQ:CHK) Slashes Headcount
US gas giant Chesapeake Energy (CHK.US) plans to start layoffs this week
The Zhitong Finance App learned that Sapic Energy (CHK.US), one of the largest gas producers in the US, said on Monday local time that after completing the divestiture of oil assets last year, the company plans to begin layoffs this week. Some analysts believe this move may be to prepare for “cost reduction” for future mergers and acquisitions, and to optimize the organizational structure to maximize profits before electricity consumption surges in the AI era. Chesapeake Energy said this week's layoffs followed the divestment of Eagle Ford-related assets, not the company's impending merger with Southwestern Energy (SWN.US)
Chesapeake Energy Initiates Lay-offs Following Oil Assets Divestiture
Express News | Top U.S. Natural Gas Producer Chesapeake Energy Laying off Employees Following Divestment of Eagle Ford Assets
Benchmark Co. Reaffirms Their Buy Rating on Chesapeake Energy (CHK)
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