Chesapeake (CHK -5.4%) opens trading as the S&P's biggest loser after a report of alleged bid rigging by CHK and Encana (ECA -3.2%), plus a story that J.P. Morgan declined to do loan business with CHK for more than 10 years because of credit quality, while Goldman Sachs took the business.
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Wunderlich Securities Sees Chesapeake Energy Staying Aggressive On Spending Front Given Ample Cash Balanceat Benzinga.com (Thu, 7:30AM)
The Wall Street Journal: Chesapeake Energy cuts rig operations after disappointing quarterly resultsat MarketWatch.com (Wed, 1:53PM)
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