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Carl Icahn offers kind words for Aubrey McClendon as the Chesapeake (CHK) CEO heads for the...

Carl Icahn offers kind words for Aubrey McClendon as the Chesapeake (CHK) CEO heads for the door: "Aubrey has every right to be proud of the company he has built... and the collection of assets he has assembled... the best portfolio of energy assets in the country." CHK +10.8% AH.
Comments (12)
  • steven russo
    , contributor
    Comments (173) | Send Message
     
    Hope he accumulates 80% of shares then gets special dividend like CVI. Long CHK before Carl lol.
    29 Jan 2013, 06:31 PM Reply Like
  • westelk
    , contributor
    Comments (251) | Send Message
     
    Pile on the BS, Icahn. The debt has substantially increased on your watch.
    29 Jan 2013, 06:40 PM Reply Like
  • steven russo
    , contributor
    Comments (173) | Send Message
     
    The Debt is chump change compared to what CHK has underground. Nat Gas is going up big time in the next few years.
    29 Jan 2013, 07:32 PM Reply Like
  • westelk
    , contributor
    Comments (251) | Send Message
     
    The debt is chump change compared to what CHK CLAIMS to have underground. There are many professionals (and even a government agency) suspecting CHK's reserves are vastly overstated.

     

    I don't know whether the reserves are correct or not. I base my view about CHK on the crap I find in the footnotes--at least what I am able to understand about the obfuscation CHK publishes each year in the 10K. For that reason I wouldn't buy CHK until I see the next 10K--although I might a PUT or two if this news causes enough of an unwarranted spike in CHK's price.
    30 Jan 2013, 08:00 AM Reply Like
  • Harry Johnson
    , contributor
    Comments (482) | Send Message
     
    Unless the lenders want their money before Nat Gas goes up big time.
    29 Jan 2013, 09:53 PM Reply Like
  • auto44
    , contributor
    Comments (3036) | Send Message
     
    Harry Johnson And what if they do? Let 'em eat cake. Course we can't all be smarter than Icahn now can we?
    29 Jan 2013, 10:16 PM Reply Like
  • kmi
    , contributor
    Comments (4023) | Send Message
     
    If they do, CHK can pump the gas out of the ground and deliver it to the lenders as collateral.... of course that would mean more gas on the market, and well, no big time increase in pricing...

     

    Maybe that's what McClendon sees on the horizon and is moving on...
    30 Jan 2013, 07:05 AM Reply Like
  • Harry Johnson
    , contributor
    Comments (482) | Send Message
     
    Just a rhetorical question auto44. You are probably right. Used to be an old saying "Borrow a little money and you have a serious lender; borrow a lot of money and you have a serious partner." Highly probable that CHK has violated the bond indentures, but so what if the bondholders call the bonds if CHK doesn't answer.
    30 Jan 2013, 01:14 PM Reply Like
  • John Oser
    , contributor
    Comments (2) | Send Message
     
    It's so easy for comments on the news about the CEO change at CHK to load up with words of sarcasm . The truth is that there is no perfect business model ie Apple ,Facebook etc-all have bumps in the road . Audrey McClendon has built a tremendous company and it will be one of the chief players in energy for many years to come. Audrey is a top professional and will find another niche to bring his talents to bear--Go Chesapeake!
    30 Jan 2013, 03:30 AM Reply Like
  • westelk
    , contributor
    Comments (251) | Send Message
     
    Be sure to get into his next company--but only as a trader because AM uses the company as his personal piggybank.
    30 Jan 2013, 07:53 AM Reply Like
  • jerryf01
    , contributor
    Comments (45) | Send Message
     
    Not a person I would want in charge of the piggy bank, would not want to buy maps from him either.
    Some seem to think AM to be so smart, I guess getting caught in that margin call shows just how smart, seems to me that if his greed just always gets the best of him, now he's lost his position as a result of stacking the "OK" "AM" board (give AM his every whim), now they are gone and so is his honor AM.
    Greatest company and visionary leader my butt.
    30 Jan 2013, 10:41 AM Reply Like
  • texaswiz says
    , contributor
    Comments (65) | Send Message
     
    Bye, bye Aubrey.
    Xin Loy!
    Hasta Lavista Baby!
    I hope you won't be back.
    I have lost shareholder value every year for the last 5 years waiting for your "plan" to kick in.
    30 Jan 2013, 11:36 AM Reply Like
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