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SILVERPORSCHE

SILVERPORSCHE
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  • Chesapeake (CHK +3.6%) is upgraded to Outperform by BMO, which notes CHK has lagged other energy stocks by at least 20% in the wake of the McClendon controversy. Yet CHK boasts "a a deep and wide asset base, and one that has fundamental value," and uncertainties around low natural gas prices and asset sales are now reflected in the stock price.  [View news story]
    BMO might have it right for moment! However its still will not take care of the 1.1 Loan to its CEO and board going along with it.
    CHK and its CEO has miss lead its share holders.
    I was once long CHK. Now I have more faith in DVN in a more sound, better managed business.
    May 1 02:47 AM | Likes Like |Link to Comment
  • Chesapeake Energy (CHK) and McClendon aficionados will surely remember 2008, when the CEO and the company nearly went down after he received margin calls on loans he had taken out to purchase stock in the company. A stake worth $1.9B at one point mostly vanished. (today's borrowing story)  [View news story]
    Just sold out of all my CHK, took a 40% hit :(((
    I hung in there as long as I could!
    I can handle low nat gaz prices, however but this abuse of power is absurd. This news is far from over.....
    This will enable other companies like DVN to soar.
    Apr 18 12:59 PM | 1 Like Like |Link to Comment
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