Chesapeake Energy's borrowing limit maintained at $4 billion
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Chesapeake Energy (CHK) Posts Big Gains for Second Session on Debt Deal
April 12, 2016 9:53 AM EDTChesapeake 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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