Chesapeake Energy (CHK -3.1%) swings without a safety net after reportedly removing most of its...

|About: Chesapeake Energy Corpora... (CHK)|By:, SA News Editor

Chesapeake Energy (CHK -3.1%) swings without a safety net after reportedly removing most of its derivative hedges against gas and oil prices for 2012 and 2013. It's a big reversal in philosophy for a company that once bragged of being "the best in the industry” at natural-gas hedging.