Chesapeake Energy Corp (CHK.N) said it is mulling ways to wring value from its oilfield service operations, including building its own hydraulic fracturing business or spinning off its service operations. On Wednesday, a day after the company reported Wall Street earnings that topped expectations, shares rose more than 7 percent as investors embraced the plan to transform. "People are starting to believe in the company's ability to better allocate capital," said Phil Weiss, analyst at Argus Research.
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