Chesapeake (CHK) Higher Following Rumblings Sinopec (SNP) Might Make Large Investment

June 20, 2012 10:46 AM EDT
Chesapeake Energy (NYSE: CHK) is higher on the session following reports the Sinopec (NYSE: SNP) might be taking a hard look at a large investment in the company. The Financial Times says Sinopec's CEO is in Oklahoma this week performing "due diligence." Headlines have a deal moving into the billions of dollars range.

Shares of Chesapeake are up nearly 3 percent on the session.

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