Chesapeake Energy (CHK) up on economic news

Chesapeake Energy Corp.

shares improved 1.4% to $14.30. The company said after the markets closed Monday that it cut its outlook for 2015 capital expenditures due to continued weak commodity prices. The oil and natural-gas producer now estimates capex of $3.5 billion to $4 billion, down from $4 billion to $4.5 billion, and plans to operate 25 to 35 rigs this year, less than half the 2014 average of 64 rigs. Share volume was 2.6 million, compared to an all-day average of 3.4 million