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One problem with Aubrey McClendon's plan to turn around Chesapeake (CHK +1.7%) via a rebound in...

One problem with Aubrey McClendon's plan to turn around Chesapeake (CHK +1.7%) via a rebound in natural gas prices by 2014: He may not have two years to wait. An SEC filing reveals top shareholder Southeastern Asset Management may initiate talks with CHK and third parties about taking steps to boost the share price or sell the company outright.
Comments (2)
  • One can only hope at this point.
    3 May 2012, 10:42 AM Reply Like
  • Unless CHK can pare down its huge debt and await a spike in natural gas prices, "Southeastern" is simply chasing windmills.
    3 May 2012, 11:17 AM Reply Like
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