Seeking Alpha

Marshall Hargrave's  Instablog

Marshall Hargrave
Send Message
Former registered investment adviser rep and current entrepreneur. CFA Level 2 Candidate. Started with out NMFN before venturing out on my own. Now running an equity research company.
My company:
Bridgewater Investments
My blog:
stockpucker
  • Billionaire Carl Icahn & His Oil & Gas Bets: Chesapeake (CHK), Transocean (RIG) And More 0 comments
    Feb 21, 2013 3:15 PM | about stocks: CHK

    Billionaire activist investor Carl Icahn likely made investors of Transocean (NYSE:RIG) and Chesapeake Energy (NYSE:CHK) very happy over the last few years. Icahn announced in early January that he planned to increase his Transocean stake from 1.56% to over 3.4%, but per a recent 13D filing with the SEC, Icahn now owns 20.15 million shares, or 5.6% of the company, making him the largest shareholder. This news comes just as Chesapeake's controversial CEO Aubrey McClendon announced his retirement, set for April 1. Chesapeake's stock has been up over 10% on the news.

    I believe that with McClendon gone, Chesapeake may move higher; and with Icahn investing heavily in Transocean, investors could be rewarded as Icahn pushes to unlock shareholder value, including the $4 dividend he is pushing for.

    read the rest at the stockpucker blog...

    Themes: Carl Icahn, Energy Stocks: CHK
Back To Marshall Hargrave's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.