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Icahn Did Something Right

|Includes: APC, Chesapeake Energy Corporation (CHK)

Be sure to check out our detailed stock analysis (click here). After billionaire Carl Icahn took an interest in Chesapeake Energy (NYSE: CHK), the company went from an inefficient operator with a rich asset base and no direction for monetizing these assets to a turnaround story.

In mid-2012, Icahn took notice of Chesapeake, snatching up a sizable position in the company. Icahn is still a major shareholder, owning nearly 60 million shares, which makes up 7.2% of Icahn's public-equity portfolio.