Stockerblog submits: On Monday, it was announced that billionaire trader and investor Carl Icahn increased his stake in Chesapeake Energy (CHK) from 16.6 million shares to 38.6 million shares, an increase of over 132%. This announcement set off a buying frenzy, causing the stock to jump almost 9% during the day.
By Qineqt:Chesapeake Energy Corporation (CHK) is an independent energy company involved in the exploration and production of natural gas and oil, with operations in the United States.Mentioned below are few of the reports that we have already done on CHK.
The Event: I would not sell Chesapeake: Carl Icahn
Carl Icahn, during an interview given to CNBC yesterday (July 3, 2012), said that the natural gas giant, Chesapeake Energy Corp (CHK), is a "very undervalued company".
Billionaire investor Carl Icahn, the founder of Icahn Associates, just keeps killing it. Yesterday, Chesapeake Energy's CEO Aubrey McClendon, who has been under fire, said that he will be retiring effective April 1.
By Hype Zero:Chesapeake Energy Corporation (CHK), the embattled U.S. oil and natural gas producer, has had a tough year. It has lost more than 30% of its market value due to historic low natural gas prices and Aubrey McClendon's potential conflict of interest between his role as CEO/Chairman and his personal stake in some of its assets.
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?
Corporate activist investor Carl Icahn timed his 6% investment in natural gas driller Chesapeake Energy (CHK) almost perfectly earlier in 2011, buying in the low 20′s and selling in the mid 30′s a few months later after extracting a publicly announced debt reduction plan out of management. Now, with the stock back down to prices even lower than where Icahn originally bought, Lou Simpson (former GEICO executive and Warren Buffett number two investment manager at Berkshire Hathaway (BRK)) has bought 200,000 shares in the energy producer.