Chesapeake Energy’s stock swings lower, but analysts are upbeat on debt-for-stock swap

Tomi Kilgore
Chesapeake Energy’s stock swings lower, but analysts are upbeat on debt-for-stock swap

Shares of Chesapeake Energy Corp. dropped on heavy volume Wednesday, pulled down by a selloff in crude oil prices, although some Wall Street analysts were upbeat on the oil and gas company’s plan to issue a large amount of common stock in exchange for debt.