Chesapeake Energy (CHK, Financial) is an independent exploration and production company with its mainfootprints in the Marcellus Shale in Pennsylvania and the Haynesville Shale along the Texas/Louisiana border. In addition to rapidly rising natural gas prices, the company also announced the acquisition of Vine Energy (ticker VEI) which bolsters its position in the Haynesville and is accretive to cash flow. The company also announced a variable dividend policy which will be paid out quarterly.
From Keeley Mid Cap Dividend Value Fund's third-quarter 2021 commentary.
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