Chesapeake Energy's borrowing limit maintained at $4 billion

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Go back to Chesapeake Energy's borrowing limit maintained at $4 billion

Chesapeake Energy (CHK) Posts Big Gains for Second Session on Debt Deal

April 12, 2016 9:53 AM EDT

Chesapeake Energy (NYSE: CHK) is adding to yesterday's big gains after amending its $4 billion credit facility. Shares are up 19.6% today after gaining 19.7% yesterday.

Shares were also upgraded to Hold at Tudor Pickering.

Short covering is likely contributing. At March 15, 39% of the float was being sold short.

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