This Time Is Different: Chesapeake Energy Scraps Dividend Amid Oil And Gas Plunge

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Shale oil and gas driller Chesapeake Energy is scrapping its common stock dividend in order to maintain capital expenditure amid a sharp slump in oil and natural gas prices. The move, which goes in the opposite direction to ConocoPhillips’s decision last week to pare back capex and protect its dividend, […]

Vía Forbes Real Time http://ift.tt/1RMQq0P