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Chesapeake Energy (CHK +4.2%) pops higher at the open after Friday's news of Carl Icahn's 7.6%...

  • Tuesday, May 29, 2012, 9:38 AM ET
    Chesapeake Energy (CHK +4.2%) pops higher at the open after Friday's news of Carl Icahn's 7.6% stake and his call for replacing at least four current board members. Oppenheimer believes rejecting Icahn's demands would prove CHK's board has not upheld its fiduciary responsibilities and would further discredit the board and CHK management.
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This news story has 5 comments:

  • McClendon and his team have made CHK into a great company and created much wealth in doing so. I appreciated what they have done. I am standing by McClendon and his associates. They have my vote!
    29 May 2012, 09:47 AM Reply Like
  • Just bought 100 shares this morning! Seems like a real good buy to me.
    29 May 2012, 10:04 AM Reply Like
  • Where are all the investor wizards that were bashing this company last week? Doesn't appear that they are as good as Carl.

    But being realistic, this stock probably has a long road ahead of it before it gets back to realistic value. I feel for the small inexperienced investors that got panicky and sold out. They have yet to learn that you buy shares when no one likes the stock and sell when everyone likes it.

    Bob Doeden
    29 May 2012, 11:44 AM Reply Like
  • I'm a small inexperienced investor myself, but perhaps I have a couple things going for me... I'm cynical - especially of the 'so-called' Wizards and Analysts plus I have a good long term memory. I figure I might as well invest in the companies that get me ranting over the cold winters hitting consumers hard with energy prices. Plus I don't see oil and coal sustaining our energy for a whole lot longer and true 'green' alternatives just aren't there yet.

    That I didn't break the bank investing in this one. But I think you're right - there will be quite a long wait on this one, but that's ok, I bought it to be a long investment.

    That's ok, let them talk it down, gives me more time to weigh my options and research some others in this sector.
    29 May 2012, 12:22 PM Reply Like
  • As I've stated before, I hope a way is found to get ALL the present Board members replaced by experts who have the shareholder's interests at heart and who honestly appreciate their fiduciary role in their task.
    29 May 2012, 02:27 PM Reply Like
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