Chesapeake shares gain; energy sector skids

Chesapeake Energy (NYSE:CHK) late Friday revealed it might have to delay some asset sales, which are necessary to pay down its debt. The company has arranged for a $3 billion unsecured loan from Goldman Sachs (NYSE:GS) and

CNBC's Bertha Coombs reports Chesapeake Energy is getting $3 billion in unsecured loans from Goldman Sachs and Jefferies Group; the S&P revised its outlook on JPMorgan to "negative"; and one of Facebook's founders

Chesapeake Energy (NYSE:CHK) late Friday revealed it might have to delay some asset sales, which are necessary to pay down its debt. The company has arranged for a $3 billion unsecured loan from Goldman Sachs (NYSE:GS) and

Jim Cramer believes Chesapeake Energy's board needs to address CEO Aubrey McClendon's purported conflicts of interest much more aggressively. In an interview with The Street, Cramer said.

Chesapeake Energy told investors this morning that a planned asset sales of $9.5 billion and a $3 billion unsecured loan leave it with sufficient cash flows, as the company tries to dispel concerns that it might be prevented