Seeking Alpha

Chesapeake (CHK +2.6%) shares rally into the close on a Bloomberg report that Carl Icahn has...

Chesapeake (CHK +2.6%) shares rally into the close on a Bloomberg report that Carl Icahn has purchased at least a 4% stake in the company. Note that the latest quarterly disclosure of Icahn's holdings showed no CHK shares; he had reported a 5.8% stake in Dec. 2010.
Comments (7)
  • dinky
    , contributor
    Comments (16) | Send Message
    I think this is old news. Icahn made a bundle the last time he forayed into CHK, so my guess is he sees another bundle, This is the first positive for CHK in weeks.
    24 May 2012, 04:09 PM Reply Like
  • Gigem77
    , contributor
    Comments (1405) | Send Message
    BlackRock Has 'Dramatically Increased' Chesapeake Stake Recently -CNBC's Kate Kelly 05/24 03:12 PM
    24 May 2012, 04:15 PM Reply Like
  • Gigem77
    , contributor
    Comments (1405) | Send Message
    Carl Icahn Has Acquired Chesapeake Stake, May Be More Than 4% -Bloomberg 05/24 03:18 PM
    24 May 2012, 04:20 PM Reply Like
  • bigazul
    , contributor
    Comments (1039) | Send Message
    unless it was in the past week, they haven't made much money on it.
    24 May 2012, 04:45 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4100) | Send Message
    I am not running after this - there are better companies in the US in that business. Many actually. I own KOG and AXAS (small) but one could buy EOG, CLR, WLL, NFX etc. etc. instead.
    24 May 2012, 08:07 PM Reply Like
  • bdoeden
    , contributor
    , CHK PRO Alerts subscriber
    Comments (63) | Send Message
    Maybe it would be helpful to read CHK's 2011 Annual Report. There have been several large buys the last 2 or 3 days. Sorry to see so many panic on this.
    25 May 2012, 12:20 AM Reply Like
  • Dr. V
    , contributor
    Comments (1179) | Send Message
    Anybody following and doing the analysis should have been aware. It was reported end of last week that Ichan was buying in, and now the sheep became deer frozen in the headlights.


    Another reason laypeople should have to pass an examination and possess a license to trade, any CANNOT do this obviously.


    Or do I need to invoke FB as well?
    25 May 2012, 05:50 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs