Chesapeake Troubles Continue As Pipeline Gains Steam

Chesapeake Energy Corporation (NYSE:CHK) is facing trouble on Wall Street just as it's subsidiary Chesapeake Midstream Partners L.P. (NYSE:CHKM) is seeing more and more interest in its future. Reuters today reported on the firm's deal to sell it's natural gas last year before it had come out of the ground to the tune of $859 million last year. The deal was called Glenn Pool and was seen as an innovative strategic move by the company as it sought to raise capital.

In the meantime Midstream Partners, a company set up to manage pipeline projects, is...