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New allegations of bid-rigging could prove the final blow for Aubrey McClendon, and Chesapeake...

New allegations of bid-rigging could prove the final blow for Aubrey McClendon, and Chesapeake (CHK -8.2%) could be facing enormous legal headaches as the Justice Department recently has shown interest in prosecuting oil and gas collusion. A case earlier this year indicates the agency likely wouldn't be swayed by claims from CHK and Encana (ECA -5.1%) that they were looking to work on a JV.
Comments (9)
  • nancyday50
    , contributor
    Comments (9) | Send Message
     
    Power and Greed will do funny things to people. It's sad, with our economy in the shape it's in and many jobs at stake.
    25 Jun 2012, 12:52 PM Reply Like
  • nomadsmd
    , contributor
    Comments (2) | Send Message
     
    Aubrey McClendon, Needs to be put in jail for a long time if this information is true!
    Bottom line is they the board of directors. Must take action now and fire this man right now and also collect any benefits cost outside the normal amounts that he abused and don't be paying for his legal fees.
    25 Jun 2012, 12:53 PM Reply Like
  • lakewood21
    , contributor
    Comment (1) | Send Message
     
    What were the Board of Directors doing all this time? I believe that were paid way too much!!!
    25 Jun 2012, 12:56 PM Reply Like
  • Russ Fischer
    , contributor
    Comments (2815) | Send Message
     
    This is a minor distraction that can go away for a relatively little money. The real story is that this is the excuse to get rid of McClendon, probably in the next week.
    Then the new board, SAM, and Icahn auction the company in pieces or whole. The pieces are worth $100 per share.
    The next couple days will tell the story. Think cheap call options.
    25 Jun 2012, 01:05 PM Reply Like
  • sanpace
    , contributor
    Comments (84) | Send Message
     
    This stock will take off when they let McClendon go..!! Just a small bump in the road in the overall picture. Talk about over reaction in the market....settle down people.
    25 Jun 2012, 01:17 PM Reply Like
  • auto44
    , contributor
    Comments (3222) | Send Message
     
    That's it. Keep pounding down those stocks. I can't wait to buy them at a cheaper price.
    25 Jun 2012, 01:45 PM Reply Like
  • Alejandro43
    , contributor
    Comments (57) | Send Message
     
    I am suspicious of negative articles like this. Their aim is to put pressure on CHK stock and/or push to the ouster of McClendon. One can only wonder who is behind all this? That is the question the media should be asking.
    25 Jun 2012, 03:34 PM Reply Like
  • itinerantinvestor
    , contributor
    Comments (48) | Send Message
     
    Good day for a buy.
    25 Jun 2012, 07:55 PM Reply Like
  • 3234
    , contributor
    Comments (5) | Send Message
     
    good -by am
    26 Jun 2012, 08:18 PM Reply Like
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