Seeking Alpha

Emails suggest top brass of Chesapeake and Encana (ECA) shared sensitive information, giving CHK...

Emails suggest top brass of Chesapeake and Encana (ECA) shared sensitive information, giving CHK execs the upper hand in deals with Michigan landowners, reports Reuters. After learning Encana was pulling back, Aubrey McClendon ordered his people to renegotiate or delay closing on at least 10 major deals. The DOJ and others are having their own look.
From other sites
Comments (6)
  • JMF
    , contributor
    Comments (10) | Send Message
     
    TO ME THIS MAKES SENSE. Why as a CEO would I continue with the status quo rather than waiting awhile for the cost of doing business settle. If this is true thaen AM made a good call so as to make the value of the leases less costly to all shareholders.
    11 Jul 2012, 12:28 PM Reply Like
  • Harry Johnson
    , contributor
    Comments (482) | Send Message
     
    Back when there was a modicum of integrity left in the Country, an offer and an acceptance constituted an enforceable contract. If there was an offer and the offer was accepted, CHK may have a problem. If not, the lawyers will still make just as much money.
    11 Jul 2012, 01:41 PM Reply Like
  • peachykeene
    , contributor
    Comment (1) | Send Message
     
    Proves one should never get to big or too rich, not to have to abide by the rules like having a little integrity or professionalism and some "by-God" backbone when it comes to fulfilling your end of a deal or contract. Further more when it comes to the mighty CHK, a little communication with the landowners would go a long way to put out some of the fires they created.
    11 Jul 2012, 02:38 PM Reply Like
  • L. Jack Robbins
    , contributor
    Comments (25) | Send Message
     
    Born in Chicago 1922.....Went to "Tilden Tech" (All Boys School)......
    Drafted ww11 in 1942 off to Pacific Campaign (2 invasions Philippines & Okinawa)...After discharge more Tech training at
    Chicago Tech....then 15 years at Goss Company Engr dept ( Mfg
    Newspaper Presses).....Then Goss Co...transfered me into a National
    Sales Representative....Stat... at their Branch Office at NY City..&
    San Francisco......and last transfer to Dallas,Texas.....Then retired
    after 20 yrs of travelling....Hope this cures your -CURIOSITY !!!!!

     

    Leonard Jack Robbins
    11 Jul 2012, 03:22 PM Reply Like
  • Beautiful Mind
    , contributor
    Comments (17) | Send Message
     
    ECA - dumped @ profit
    CHK - dumped @big profit

     

    Short Term - dump
    Long Term - look for good entry point (forget about the "perfect" trade)
    Still in? Tough call because I think there is a bit more (maybe a lot more) downside ahead.

     

    If picking stocks was easy, everyone would be doing it. Yes?
    11 Jul 2012, 05:48 PM Reply Like
  • bobby Armstrong
    , contributor
    Comments (7) | Send Message
     
    To far down to sell??? holding for the good times to come .
    Well why take a loss . So someone can profit ,,.good ideal ????
    11 Jul 2012, 10:22 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
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