Seeking Alpha

CHK
Chesapeake Energy Corporation

5/22/2012, 1:49 PM ET
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CHK Market Currents more »
  • 10:22 AM The selloff in Chesapeake Energy (CHK +0.2%) creates a buying opportunity, Oppenheimer says while maintaining its Outperform rating and $28 price target. CHK is accelerating its liquids production growth and asset monetization, and the firm thinks its net asset value after pending asset sales is above its current share price.
    2 Comments
    [Energy, Quick Ideas]
  • Monday 6:00 AM A Bloomberg review of Chesapeake's (CHK) filings paints a picture of cronyism and nepotism that calls into question the objectivity of its board. Since 2009, Chesapeake has paid $343M to a drilling equipment manufacturer headed by Chesapeake lead director Pete Miller. The company has also employed another director’s relatives and donated millions to a university overseen by a third.
    14 Comments
    [Energy]
  • Friday 6:35 PM Fitch has downgraded Chesapeake Energy's (CHK) debt rating to BB- from B. Its outlook is negative. S&P downgraded Chesapeake, which has been plagued by liquidity fears in recent weeks, on Tuesday. (also)
    1 Comment
    [Energy]
  • Friday 5:54 PM The time may be right for long-term investors to find winning bargains in natural gas, Intrepid Capital's Mark Travis says, listing Bill Barrett (BBG) and Patterson-UTI Energy (PTEN) as examples of stocks with solid balance sheets to go along with attractive valuations. But there's too much debt at Chesapeake (CHK): "Shareholders need to be aware that the bankers eat first."
    3 Comments
    [Energy, Quick Ideas]
  • Friday 4:17 PM Chesapeake Energy (CHK) says it is reducing compensation for outside directors by ~20% and eliminating the use of fractionally owned aircraft for personal travel by outside directors. CHK says the move reduces director compensation to a level at or below the average director compensation of the company's peers.
    7 Comments
    [Energy]
  • Thursday 3:38 PM The custodian of a group of NYC pension funds owning 1.9M shares of Chesapeake Energy (CHK -3.8%) calls on shareholders to vote against two board members in upcoming elections, saying they failed to monitor Aubrey McClendon's financial activities that have engulfed the company in controversy.
    8 Comments
    [Energy, On the Move]
  • Thursday 2:34 PM Several large hedge funds and advisory firms sold large positions in Chesapeake (CHK -3.4%) in Q1, showing CHK was losing some its luster even before its odd financial arrangements became widely followed. SAC Capital sold 91% of its CHK holdings in the quarter, Millenium 86%, Fidelity 59% (but still held $164M at the end of Q1).
    2 Comments
    [Energy, On the Move]
CHK in Focus more »
CHK News more »
CHK Instablog posts more »
  • Monthly Natural Gas Consumptions Show No Sign Of Fuel Switch
    Sat, May 19 • Mark Anthony • 69 Comments
  • Open Letter To The Board Of Directors Of Chesapeake Energy Corporation (CHK)
    Mon, May 14 • Pedro De Noronha • Comment!
  • EIA Weekly Natural Gas Updates Indicate No Coal To Gas Switch
    Mon, May 14 • Mark Anthony • 36 Comments
  • Review Of Trefis Articles Past Two Weeks, Ending 11 May 2012
    Sat, May 12 • John Lounsbury • Comment!
  • Jim Cramer Six In Sixty - 5/11/12
    Fri, May 11 • Karin Hernandez • Comment!
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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