Posted on May 21, 2012 at 7:01 am by Bloomberg in
Deals,
Earnings,
Economics |
When Chesapeake Energy Corp. Chief Executive Officer Aubrey McClendon went on an oil and natural gas buying spree, Ralph Eads was the banker who found the money to fund it.
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Posted on May 21, 2012 at 6:42 am by Bloomberg in
Earnings |
Royal Dutch Shell Plc (RDSA)’s shareholders were urged by corporate-governance adviser Pensions and Investment Research Consultants to block a pay increase being awarded to Chief Executive Officer Peter Voser, the Sunday Telegraph reported, citing a report by PIRC.
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Posted on May 18, 2012 at 6:52 am by Loren Steffy in
Earnings,
Economics,
Industry's image |
Every gunslinger eventually reaches a sunset, and Aubrey McClendon’s may be approaching.
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Posted on May 17, 2012 at 11:31 am by Loren Steffy in
Earnings,
Economics |
Embattled Chesapeake Energy has been offering inspirational daily tweets as the company struggles with a falling stock price, weak natural gas prices and a wave of disclosures that has troubled investors and analysts.
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Posted on May 16, 2012 at 1:15 pm by Bloomberg in
Earnings,
Economics |
T. Boone Pickens, the billionaire Texas hedge-fund manager, sold almost half a million shares in Chesapeake Energy during the past six weeks, as the stock fell 24 percent on investor reaction to natural-gas prices and potential management conflicts.
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Posted on May 16, 2012 at 11:55 am by Loren Steffy in
Earnings,
Economics |
Chesapeake Energy’s employees are paying a high price for the company’s problems. Thousands of the company’s workers have retirement portfolios that are heavily invested in the company’s stock, which has fallen 40 percent in the past two months, Reuters reported.
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Posted on May 15, 2012 at 11:50 am by Emily Pickrell in
Earnings |
Moody’s is maintaining its negative outlook on Chesapeake Energy, despite an announcement late Friday of a $3 billion unsecured loan that the company will use to pay down its $4 billion revolving credit facility. Standard & Poor’s also is lowering Chesapeake Energy’s credit rating even further and company shares are down more than 5 percent.
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Posted on May 15, 2012 at 7:00 am by Emily Pickrell in
Earnings,
Economics,
Natural Gas |
A $3 billion loan late Friday and assurances from Chesapeake Energy Corp. executives Monday morning did little to assuage concerns by analysts and investors about the embattled natural gas company’s finances.
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Posted on May 14, 2012 at 12:40 pm by Loren Steffy in
Earnings,
Economics |
Embattled Chesapeake Energy told analysts on a conference call this morning that it expects activist investor Carl Icahn to disclose a big stake in the Oklahoma City-based natural gas producer.
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Posted on May 14, 2012 at 12:34 pm by Emily Pickrell in
Drilling,
E&P,
Earnings |
Analysts sounded skeptical at a Monday morning analyst call, weighing Chesapeake Energy’s explanation of how it will resolve looming liquidity issues against their own judgment.
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Posted on May 14, 2012 at 7:59 am by Loren Steffy in
Earnings,
Economics |
Given all the disclosures bombarding Chesapeake Energy investors in recent weeks, basketball may be the farthest thing from their minds, but the company’s liabilities extend, literally, in the arena of professional sports.
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Posted on May 14, 2012 at 6:37 am by Loren Steffy in
Earnings,
Economics |
Chesapeake Energy’s best hope for survival, at least for the near future, may be the same muddled financial structure that has led to the company’s unraveling.
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