A shareholder of embattled natural-gas giant Chesapeake Energy accused the company of understating the cost of personal jet travel provided to top executives and outside directors by as much as $10 million per year.
A shareholder of embattled natural-gas giant Chesapeake Energy accused the company of understating the cost of personal jet travel provided to top executives and outside directors by as much as $10 million per year.
The stock price of his energy company is down nearly 30%. The board stripped him of his chairmanship amid scandal. Today, his estimated billion-dollar personal fortune has shrunk by more than half.
Aubrey McClendon, 53, endured a trying year running the second-largest natural gas producer in the United States, Chesapeake Energy Corp. But as corporate, state and federal probes into McClendon and the company continue, 2013 isn’t looking much easier.
For super-rich sports fans, the path to the Super Bowl will be in a private jet. More than 1,000 private jets are expected to fly into New Orleans this weekend, just under last year's tally of around 1,100 planes in Indianapolis – one of the biggest ever.
By John Mylant: We are all familiar with the struggle Chesapeake Energy (CHK) is facing. With the combination of lagging natural gas prices and the news surrounding Aubrey McClendon, the company has been very visible and struggling. Its greatest challenge right now is meeting its funding gap. What are its options and can the company do it?
ByIAEResearch:Chesapeake Energy (CHK) was probably the most affected company after the natural gas prices slumped. While Exxon Mobil (XOM), the biggest natural gas producer, was able to get out of the slump relatively unscathed, Chesapeake Energy was not so lucky due to its heavy exposure to natural gas.
By ValueMax:For some big firms, a 100-year old company would seem like an old dog that takes an eternity to learn new tricks. However, this is not the case with Cabot Oil & Gas (COG). Cabot is all about not only learning new ways to conduct business, but the company acts quickly, taking advantage of great opportunities.
By Sammy Pollack:Shares of natural gas giant Chesapeake Energy Corp (CHK) are down by just more than 40% over the past six months. The two major reasons for the decline have been falling natural gas prices and the controversy surrounding CEO Aubrey McClendon.
Nicholas Southwick Levis submits:Chesapeake Energy (CHK) is another fallen energy giant that hit my radar as a value investment. Since the collapse of natural gas prices in 2008, Chesapeake has watched its book value and share price fall drastically.