Seeking Alpha

Aubrey McClendon makes a comeback with Utica shale deals

  • Aubrey McClendon is back with a vengeance in Ohio's Utica shale: His new American Energy Partners reportedly put up the high bid for 50K acres offered by Shell (RDS.A, RDS.B), and also is believed to have acquired 22K Utica acres from EnerVest (EOSOF.PK), one of Chesapeake’s (CHK) partners in Ohio.
  • McClendon may be able to reassemble much of his old team; this week, CHK announced the immediate departures of four execs including operating chief Steve Dixon, while longtime general counsel Henry Hood and public affairs chief Tom Price left in May.
Comments (13)
  • rjj1960
    , contributor
    Comments (1357) | Send Message
     
    Fool me once, shame on you, fool me 100 times shame on me. Here we go again.
    16 Aug 2013, 11:34 AM Reply Like
  • nancyday50
    , contributor
    Comments (9) | Send Message
     
    Totally agree with rjj1960. He is a crook and that's all there is to be said on the matter.
    16 Aug 2013, 11:55 AM Reply Like
  • Festivus
    , contributor
    Comments (67) | Send Message
     
    Wonder where the $1B startup funding came from ?
    16 Aug 2013, 11:59 AM Reply Like
  • isha1
    , contributor
    Comments (18) | Send Message
     
    What a degenerate.....Chesapeake made him a multimillionaire....he almost put it in bankruptcy living the high life...now he wants to damage Chess in whatever way he can. Shame on him and the others that are joining him who participated in enriching themselves at the expense of the stockholders!
    16 Aug 2013, 12:43 PM Reply Like
  • jmjjmj1
    , contributor
    Comments (149) | Send Message
     
    Don't love the guy but he made CHK the rise and the fall
    16 Aug 2013, 01:50 PM Reply Like
  • FoolIggy
    , contributor
    Comments (19) | Send Message
     
    "A fool and his money are easily separated" if I remember the quote correctly.

     

    Obviously, Mr. McClendon is very adept at finding lots of fools or could he be foolish enough to use his own money?
    16 Aug 2013, 03:00 PM Reply Like
  • cmccance
    , contributor
    Comment (1) | Send Message
     
    I will never, EVER invest in any venture he is involved in again. He has PERSONALLY been responsible for the biggest losses my portfolio ever suffered.
    16 Aug 2013, 05:44 PM Reply Like
  • bdoeden
    , contributor
    Comments (63) | Send Message
     
    He made me a lot of money. I started buying CHK just after the turn of the century. I loaded up a second time when CHK went below 15 recently so I'm a happy man for the second time.

     

    Looks like your timing is bad!
    16 Aug 2013, 11:09 PM Reply Like
  • Richard Waldren
    , contributor
    Comments (221) | Send Message
     
    rjj, when I read this twit, this was the very first thing that came to mind. I agree with all that was printed in these comments. NNBHN!
    17 Aug 2013, 01:00 AM Reply Like
  • Russ Fischer
    , contributor
    Comments (2301) | Send Message
     
    Good for Aubrey. I hope he hits a home run.
    It's guys like Aubrey who have led the charge for US energy independence.
    He found so much NG that a glut drove prices down so low that Chesapeake got in trouble. If you heat your home with NG, you should send Aubrey a thank you card.
    17 Aug 2013, 05:15 PM Reply Like
  • what do I know
    , contributor
    Comments (1049) | Send Message
     
    Isn't this gentleman associated with CHK in any fashion, like, "consultant", etc.
    19 Aug 2013, 11:37 AM Reply Like
  • Opinionator
    , contributor
    Comment (1) | Send Message
     
    The guy is a landsman. He had a vision, and he changed the landscape in this industry and has helped to reshape the thinking about energy independence. He is flawed as are we all. Timing and poor choices led to a lot of heartache for many. There are always winners and losers in capitalism. CHK is still a viable company. It is still making a difference. Many locals where they operate are making a living at a higher scale than they would have otherwise. It is pumping millions into local economies directly and indirectly. They are not loved, they make mistakes but overall they are more environmentally conscience than most of their competitors. They raise the bar. Perhaps not enough, but much of all of that comes from Aubrey McClendon. Despite his many human frailties and flaws I think he has done more for this industry than most.
    19 Aug 2013, 12:21 PM Reply Like
  • what do I know
    , contributor
    Comments (1049) | Send Message
     
    Opinionator: I agree with you.
    20 Aug 2013, 12:36 PM Reply Like
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