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iknow777

iknow777
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  • Chesapeake Energy (CHK) CEO McClendon has borrowed $1.1B (with his shares in the company as collateral) over the last 3 years to invest in thousands of the company's wells. The loans are used to fund a perk which allows him to invest 2.5% in every well drilled by the company. McClendon and the company say the loans pose no conflict of interest nor did they need to be disclosed. Shares -2.2% premarket.  [View news story]
    This is not about me today. This is about a major change long overdue. As a stockholder in chesapeake I have suffered the price declines in natural gas. I used to believe it was well run -NOT ANYMORE! Special privledges for ceos are rampant , 2.5% of every well is absurd and way out of line.I for one get you know who out of his catbird seat and the company has a chance. i could go on and on #land aquis. ,#wells drilled etc Low stock valuations=possib. takeover- what does McClendon care he still gets 2.5%! I don't have the time to redo this , publish it if you like.
    Apr 18, 2012. 08:42 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I'm a college grad from a top notch school. I used to work on wall st. and i left it to raise a family. I have gotten back into trading/investing much more now and have read a lot of alpha material. I find it informative and outspoken. Perhaps I can contribute something in the near future. The US gov. and it's bonds andthe manipulation of the investing herd to keep rates low and limit debt service is my thought for today.
    Sep 2, 2010. 10:03 AM | 1 Like Like |Link to Comment
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