10 May 2024
Icahn downsizes stake in Chesapeake Energy
Publication date: 20 September 2016
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Billionaire investor Carl Icahn has reduced his stake in Oklahoma-based gas producer Chesapeake Energy by over 50% citing “tax planning purposes”.
Henry Hub prices are currently around a third below average levels two years ago, but this trend was unlikely to have motivated the sale, experts told Gas Matters Today.