Chesapeake-GE deal to promote gas

Zacks.com
By: Zacks Equity Research
March 13, 2012

Oklahoma-based oil and gas producer, Chesapeake Energy Corporation (CHK) has formed an alliance with General Electric Company (GE) to develop and endorse infrastructure solutions to speed up the acceptance of natural gas as a transportation fuel.

The memorandum of understanding signed between Chesapeake and GE on a product and services development partnership, signifies a multi-year collaboration involving the two companies. Both parties will be involved in the development and introduction of compressed natural gas (CNG) and liquefied natural gas (LNG) transportation and natural gas home-fueling solutions.

The collaboration intends to reduce the ownership and operational costs of natural gas vehicle (NGV) fueling stations by leveraging GE’s global Oil & Gas technology portfolio with Chesapeake’s proficiency in developing innovative fueling solutions... FULL ARTICLE

Posted on Tue, March 13, 2012 by John Cox

1 comment (Add your own)

1. Hellen wrote:: Thanks for the great stock picks. I love CHK. I sold Apple Computer (overpriced in my opinion) the midlde of last year to buy Chesapeake and 2 weeks ago bought even more (really underpriced in my book) It's been a Taipanonline.com top pick the past 3 years..I should have invested earlier..anyway I am in for the long haul on CHK (bought in at 24.50 last year) of 4-7 years hoping it will have a couple stock splits between now and 2017. GOOOooo CHK!Also, some billionaires are investing in oil and chemical manufacturing companies. Check this stock that George Soros made over 200% on last year alone!!!!! (Oil company) Harvest National Resources (Ticker NYSE: HNR)
Tue, July 17, 2012 @ 8:15 PM

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