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Chesapeake Energy Q2 2010 Earnings Call TranscriptWed, Aug 4, 2010
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Chesapeake Energy Q1 2010 Earnings Call TranscriptWed, May 5, 2010
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Chesapeake Energy Corporation Q4 2009 Earnings Call TranscriptThu, Feb 18, 2010
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Chesapeake Energy Corporation Q3 2009 Earnings Call TranscriptTue, Nov 3, 2009
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Chesapeake Energy Corporation Q2 2009 Earnings Call TranscriptTue, Aug 4, 2009
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Chesapeake Energy Corporation Q1 2009 Earnings Call TranscriptTue, May 5, 2009
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The Trader's Expo New York: A Commodity Trader's Stock Picks TranscriptFri, Feb 27, 2009 • 3 Comments
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at MarketWatch.com (Fri, 5:23PM)
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at MarketWatch.com (Thu, 4:32PM)
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at CNBC.com (Thu, 5:59AM)
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at MarketWatch.com (Mon, 5:03PM)
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at CNBC.com (May 9, 2013)
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Business Wire (May 8, 2013)
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at MarketWatch.com (May 3, 2013)
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Business Wire (May 3, 2013)
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at MarketWatch.com (May 1, 2013)
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at MarketWatch.com (May 1, 2013)
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at CNBC.com (May 1, 2013)
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at MarketWatch.com (May 1, 2013)
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at Fox Business (May 1, 2013)
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Business Wire (May 1, 2013)
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at CNBC.com (Apr 30, 2013)
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at CNBC.com (Apr 29, 2013)
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at MarketWatch.com (Apr 29, 2013)
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at CNBC.com (Apr 26, 2013)
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at CNBC.com (Apr 24, 2013)
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Business Wire (Apr 15, 2013)
CHK vs. ETF Alternatives
Company Description
We are the second-largest producer of natural gas in the United States. We own interests in approximately 44,100 producing natural gas and oil wells that are currently producing approximately 2.4 billion cubic feet equivalent, or bcfe, per day, 93% of which is natural gas. Our strategy is... More
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- | On the move
- Saturday, March 30, 9:05 AM Chesapeake Energy (CHK) appointed COO Steven Dixon as interim CEO on Friday and made him part of a three-person committee to search for a replacement for Aubrey McClendon, who bid a teary goodbye to employees. “Advanced” negotiations with an unnamed candidate for the top job reportedly broke down yesterday. 7 Comments [Energy]
- Thursday, March 28, 8:15 AM Chesapeake Energy's (CHK) search for a new CEO to replace Aubrey McClendon is likely to extend beyond the April 1 deadline, Reuters reports. Among factors that may be complicating the search: CHK faces financial and regulatory headwinds, its financial structure needs to be simplified, and there's lots of energy firms on the hunt for a CEO. Meanwhile, McClendon has been meeting with P-E firms about potential new ventures. 6 Comments [Energy]
- Tuesday, March 26, 5:46 AM Some high-profile hedge funds sitting on $250M in Chesapeake Energy (CHK) debt seek to withdraw from litigation between the company and Bank of New York Mellon (BK) over whether or not bonds can be redeemed. After originally being allowed by the court to intervene in the case, the funds are taking the action in an effort to simplify and speed up the courtroom proceedings. 5 Comments [Energy]
- Wednesday, March 20, 12:38 PM Chesapeake's (CHK -2%) bond case will get a speedy resolution, as a judge sets an April 23 trial date to settle a dispute with bondholders over a redemption it’s attempting. CHK wants to redeem bonds set to mature in 2019 but contain a provision that allows it to redeem them at par up to March 15, 2013. One bondholder sees a slim chance for settlement at some premium over the bonds’ current trading price of 105. 2 Comments [Energy, On the Move]
- Tuesday, March 19, 5:35 PM Chesapeake Energy (CHK) won't be re-incorporating in Delaware after all, as the Oklahoma legislature reverses a law requiring staggered terms for board members. Despite the law, activist shareholders managed to replace most of CHK's board last year; with the new board in place, CHK reversed its stance and said it would seek in re-incorporate in Delaware if the law wasn't overturned. 1 Comment [Energy]
- Tuesday, March 19, 2:43 PM The $265M Sanchez Energy (SN -1%) is paying Hess (HES -3.5%) for 43K acres of south Texas shale is much lower than the $820M Tudor Pickering expected, which "highlights softness in non-core Eagle Ford" shale market. The firm says the deal does not bode well for Chesapeake (CHK -5.2%); applying the price Hess received implies a $600M value to CHK's land vs. Tudor's earlier estimate of $1.25B. 3 Comments [Energy, On the Move]
- Tuesday, March 19, 10:17 AM Chesapeake Energy (CHK -2.3%) is downgraded to Underperform from Neutral at Sterne Agee, which criticizes CHK's hedging strategies and cautions that the pricing of upcoming asset sales could underwhelm. Spending plans are highly dependent on further asset sales, the firm says, and it believes 2013 guidance could be at risk with a $3B-plus funding gap remaining. Comment! [Energy, Quick Ideas, On the Move]
- Monday, March 18, 12:29 PM Chesapeake Energy (CHK -0.4%) announces a public offering of $2.3B in senior notes with proceeds going toward retiring old debt, including bonds maturing in 2019 that have been at the center of a legal dispute. CHK aims to fund its big spending plans via asset sales which might also trim debt, but demand for natural gas properties is soft, so debt reduction will prove difficult, Tudor Pickering says in downgrading shares. 2 Comments [Energy]
- Friday, March 15, 10:33 AM Chesapeake (CHK +1%) goes ahead with its plan to buy back $1.3B of notes early, despite failing yesterday to persuade a U.S. district judge to force bond trustee BNY Mellon (BK) to accept the plan. Although the judge denied a request for a preliminary injunction, CHK noted he granted "comparable relief" and said CHK was "overwhelmingly" likely to win on the legal merits of its claim. 1 Comment [Energy]
- Thursday, March 14, 5:05 PM Chesapeake Energy (CHK) fails to win a court order in its request for an emergency ruling allowing it to start redeeming $1.3B in notes early without automatically incurring the risk of paying ~$400M in interest sought by BNY Mellon (BK). CHK, which had hoped for a favorable ruling to help it close a potential $4B cash shortfall this year, -0.6% AH. 8 Comments [Energy]
- Thursday, March 14, 12:49 PM Rising natural gas prices and lower inventories boost shares of gas-focused firms, including WPX Energy (WPX +5.2%), the S&P's top performer. But Susquehanna warns of unwarranted optimism in WPX, seeing "weak execution going forward reflecting a lower than peer average capacity to reinvest and lack of visible scale of reinvention target." Also: CHK +2.8%, NBL +3.2%, COG +2.6%, LNG +5%, KWK +17.6%. Comment! [Energy, On the Move]
- Tuesday, March 12, 10:54 AM A group of Chesapeake (CHK +0.7%) bondholders challenge the company's authority to redeem $1.3B of notes, saying the plan is improper and would shortchange them. They say that in seeking a preliminary injunction against bond trustee BNY Mellon, CHK is trying to renege on its contractual obligations by seeking authority to buy back the notes at par rather than at a premium. 5 Comments [Energy]
- Monday, March 11, 11:31 AM Chesapeake Energy (CHK +1%) bonds fall by the most in nearly eight months after the company filed suit against trustee Bank of New York Mellon (BK) to redeem $1.3B in notes early and avoid new interest. CHK, which had $12B in long-term liabilities at year-end, says its move is "part of a broader refinancing of its outstanding debt obligations." 7 Comments [Energy]
- Thursday, March 7, 12:35 PM Burns Hargis, chairman of Chesapeake Energy's (CHK +3.4%) audit committee that conducted the probe into the financial dealings of outgoing CEO Aubrey McClendon, resigns from CHK's board. Louis Raspino, recent head of oil and gas driller Pride International, will fill the vacancy. 9 Comments [Energy, On the Move]
- Thursday, March 7, 9:06 AM Chesapeake Energy (CHK), seeking to sell as much as $7B in assets this year to plug a cash shortfall, plans to divest most of its stake in Clean Energy Fuels (CLNE). CHK's interest in the builder of filling stations that dispense gas-derived transport fuels will drop to 1.1% after the stock sale from the current level of 7.7%. CLNE -4.1% premarket. 7 Comments [Energy, On the Move]
- Monday, March 4, 2:59 PM Marathon Oil (MRO) hasn’t said publicly it’s searching for a successor to current CEO Clarence Cazalot, but Bloomberg says December's surprise resignation of its no. 2 man has it joining the growing ranks of energy firms seeking new leaders, including OXY, CHK, ECA, BBG and KKR's Samson Resources. With a bidding war looming, it's a good time to be an out-of-work energy exec. Comment! [Energy]
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Michael Bryant
Talking of management, isn't Carl Ichan the king of replacing bad management? Will he make a bid for Chesapeake Energy ($CHK)? - View all 0 replies
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Michael Bryant
Bet Buffett will buy Chesapeake Energy ($CHK) if he wants the best natural gas assets. $CHK's management is what is keeping the stock down. - View all 0 replies
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Michael Bryant
Will Buffett buy Chesapeake Energy ($CHK), Anadarko Petroleum ($APC), or Devon Energy ($DVN) for natural gas? http://bit.ly/XF5pie - View all 1 replies
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Michael Terry
Looks like judge is leaning in $CHK direction. Bad for the recent bond buyers, good for equity. - View all 0 replies
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Michael Terry
$CHK bond drama going forward, judge calls the trustee's suit trickery. Make-whole puts $400MM on the line. - View all 0 replies
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Jason Burack
Porter Stansberry is right. Long term $CHK & $DVN are selling for way below book & good investments. But, no real near term catalysts yet. - View all 17 replies
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Jason Burack: I told people who followed my work to start buying $LNG in 2009 when it crashed to 6 and keep accumulating when it was still at 14-15.
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Ryan Mallory
Ryan's Swing Trading Watch-List for Short Setups | Top 3 are $RCL $UN $CHK and 17 others http://bit.ly/Za5Knl - View all 0 replies
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Ocean Man: Very interesting. I'd seen nothing but bullish long-term comments on SD the past few weeks.
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John Vincent
Mohnish Pabrai added to Chesapeake($CHK) & Horsehead($ZINC) while decreasing $GM & Goldman Sachs($GS): See http://seekingalpha.com/a/p8cb - View all 0 replies
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LATEST REPLIES
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Maria Auziliadora: @ scottrend hold NAV because what we talked is going to happen rememeber I am leaving tomorow with UBS
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Jacob Wolinsky
Chesapeake Energy Bankruptcy Could bring down Oklahoma's Real Estate Market http://bit.ly/MxcTsx $CHK - View all 2 replies
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Energysystems: The article wasn't talking about bankruptcy, but the fact that the new board is now selling off non-core assets, chk has a significant real -
Energysystems: estate portfolio in OKC. I believe they will sell the majority of those assets.
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Preferred Research
CHK not looking good. Somebody knows something that we don't know and it is not good. - View all 3 replies
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David White
Chesapeake Midstream IPO prices at top of range ($21/unit). This may give CHK, which owns a lot of ACMP, a lift tomorrow.Sold 21.25M units. - View all 1 replies
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pbanik: I agree sir. The fact that is being allowed to continue is disgraceful. I hope Carl Icahn can have a positive effect on the company.
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FortSumter: This compnay is like the next Enron or WorldCom or Tyco. What other skeletons are in Aubrey's closet? -
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Joe Springer
CHK laying off workers as it runs out of money to drill: http://bit.ly/L3gZGX;CHK&ticker=CHK:US - View all 5 replies
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Energysystems: Haha, I'm not a buyer nor anywhere near a bull on them Joe. But they cut meaningless jobs in an area that they're now barely drilling.
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Todd Johnson
$CHK, $GE, $AAPL Jack Welch &Steve Jobs are the only 2 other CEOs who would not have criminal charges pending if they did what Aub did. :( - View all 1 replies
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Energysystems: In less than 2 months, Aubs lost his board by a super majority. He's been effectively neutured, albeit, far far after it shouldve happened
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Asif Suria: It is not an outright sale and GIP picks up a 69% stake in ACMP. You are right that it will require more digging to understand the deal.
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Energysystems: Well, now ACMP is a standalone mlp, no longer a CHK subsidiary. Which is a huge plus in it's own right.
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Energysystems: Interesting, since GIP holds a significant position in chkm, who planned on spending 5B on pipelines over the next decade.
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Energysystems: I wouldn't be suprised if GIP attempted to buy CHK out from it's chkm position, and move to significantly grow chkm in a hurry.
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Energysystems: solid move, actually like they'll have 3 bm's from southeastern. CHKMs right of 1st refusal looks good as asset sales will continue. yield.