Reuters: Global Markets: Chesapeake shares fall 5 percent after oil forecast

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Chesapeake shares fall 5 percent after oil forecast Nov 6th 2013, 15:38 Tweet Share this Email Print Reprints Related Topics Hot Stocks » Asian Markets » Chesapeake Energy Corporation's 50 acre campus is seen in Oklahoma City, Oklahoma, April 17, 2012. Credit: Reuters/Steve Sisney Wed Nov 6, 2013 10:38am EST (Reuters) - Shares of Chesapeake Energy Corp (CHK.N) fell 5 percent in morning trade after the company said its oil production in the fourth quarter will be down from the third quarter. Chief Executive Officer Doug Lawler told investors on a conference call that asset sales and weather disruptions will decrease the company's oil the fourth quarter by about 9,000 barrels per day. Shares of Chesapeake fell $1.42, or 5 percent, to $26.74 on the New York Stock Exchange. (Reporting By Anna Driver) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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