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Morning Movers 11/28: Chesapeake Energy (CHK) Sinks As Co Seeks Cash; Autos Up Again (GM, F)

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    Last Updated: November 28th, 2008

    StreetInsider.com Morning Movers:


    Callon Petroleum Company (NYSE: CPE) 68% LOWER; decided to suspend operations underway to develop the Entrada Field located on the Garden Banks 782 Block in the deepwater of the Gulf of Mexico. The Entrada Field is owned 50% by a subsidiary of Callon, which is the operator.

    Frontline Ltd. (NYSE: FRO) 16% LOWER; reports Q3 EPS of $1.76, versus the analyst estimate of $1.96. FRO also announced a $0.50 per share cash dividend for the quarter. Last quarter, the dividend was $3 per share.

    Chesapeake Energy Corporation (NYSE: CHK) 14% HIGHER; made three filings with the

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