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Analyst: Market Expected Chesapeake, Sinopec JV

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March 4, 2013

Last week’s announced joint venture between Chesapeake Energy Corp. (NYSE: CHK) and Sinopec International Petroleum Exploration and Production Corp. to develop 850,000 gross acres in the Mississippi Lime play comes as no surprise to market observers, a market analyst report states.

A report from Raymond James & Associates Inc. states that the negotiations over the deal ...

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