4 Energy Stocks Stories Getting Monday Traction
Chesapeake Energy Corp. (NYSE:CHK): Closing price $26.40
In a Monday statement by its attorneys, Chesapeake said that it will release over 13,000 acres of land leased for oil and gas drilling in New York state, while a ban on fracking moves into its sixth year. The company will terminate the leases in Tioga and Broome counties in the southern part of the state, thus ending a two-year legal struggle with more than 200 landowners, said the law firm Levene Gouldin & Thompson, representing the landowners. The impending accord was reported by Reuters in August.
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