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Chesapeake 22% Decline Seen Spurred By Personal Conflict-Bloomberg

|Includes: Chesapeake Energy Corporation (CHK)

This article provides an update on some of the problems that Chesapeake Energy (NYSE:CHK) is dealing with. I believe it is time for Aubrey McClendon to step down as it is clear he is managing this company for himself and not other shareholders. At the current price I think CHK offers a good value but I'm not looking to add to positions until they get rid of McClendon.

Disclosure: I am long CHK.