Investors Overreact To Chesapeake CEO Loan Scandal

Chesapeake Energy CEO Aubrey McClendon will retire effective April 1, according to a company release. Shares of CHK are surging in after-hours trading An internal review found McClendon did not engage in any improper conduct.

Back in May 2012, when Reuters' all out aggressive campaign against Chesapeake Energy was in full swing and the stock was trading around $14 per share, we predicted that contrary to the endless balance sheet bashing there was, in fact, much upside to CHK.

By Vince Martin:Chesapeake Energy (CHK) CEO Aubrey McClendon is facing criticism after a Reuters report revealed that he borrowed $1.1 billion against his 2.5% stake in the company's wells, a perk known as the Founder Well Participation Program (FWPP).

By Trefis: Chesapeake Energy’s (CHK) beleaguered CEO, Aubrey McClendon, announced his resignation Tuesday, citing differences with the firm’s board of directors. McClendon has been under fire from investors following allegations that he used his position in the company to further his personal interests and is currently being investigated by the firm’s board as well as federal regulators.

By CFA Institute: By Matt Orsagh, CFA, CIPM

By Dividend Kings:Chesapeake Energy (CHK) released first-quarter earnings on May 1, amid serious concerns about the business practices and strategies of the company and its beleaguered CEO Aubrey McClendon. The earnings report did little to ease shareholder unease, with Chesapeake reporting a loss of $0.11 per share.

By The Hedge Zone:Chesapeake Energy (CHK) has been an extraordinarily polarizing stock of late.

By Ray Merola:Chesapeake Energy Corp (CHK) CEO Aubrey McClendon is back in the news involving more corporate/personal shenanigans. This time, the issue is that Mr. McClendon has been taking out loans to finance a somewhat unique company perk that permits him to stake a 2.5 percent interest in Chesapeake's wells; evidently, he has been using those same stakes as collateral for more loans.