Chesapeake Energy announced a deal Monday 2/25 to sell half of its oil and gas assets in northern Oklahoma to Sinopec, one of China's largest oil producers, for $1 billion. Chesapeake's shares dropped nearly 5% as investors worried that the embattled Oklahoma City gas company sold the assets at a discount.
WTF! Now China is stealing our oil? What kind of quid pro quo is afoot?!
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