Wednesday, April 7, 2010 as of 11:14 AM ET
Chesapeake Energy () is an oil and gas company located in Oklahoma City, United States. Its operations are focused on the development of onshore unconventional and conventional natural gas in the U.S.
Read More at Wikipedia ›Activist investor Carl Icahn skewered Chesapeake Energy Corp.
's (CHK) board for corporate governance controversies and "irresponsible actions" while disclosing he acquired a sizeable new stake in the company.Icahn described the firm's shares as undervalued and indicated that he wants specific changes, including the right to name two directors at Chesapeake. He disclosed after the markets closed he holds a 7.56% stake, or 50.1 million shares, acquired for $785 million.Chesapeake's chairman, Aubrey K. McClendon, has agreed to step down from that position after it was disclosed that he had borrowed as much as $1.4 billion from firms doing business with the company. McClendon, a co-founder of the company, remains chief executive.(This story and related background material will be available on The Wall Street Journal website, WSJ.com.)"Having the current board select a new chairman without shareholder approval and without allowing for shareholder representation is akin to asking the fox, wh...The California Public Employees' Retirement System said it is pushing for governance changes at three companies it is invested in, chiefly focusing on executive comp...
Alan B. Lancz President Alan Lancz and ACE Investment Strategies Chief Trader Yu-Dee Chang on the European economic concerns’ impact on U.S. markets.
Chesapeake Energy Corp. (CHK) has put 504,000 acres in Wyoming and Colorado, which includes oil and gas production from 29 wells, up or sale, Reuters reported Thursd...
Energy stocks lost ground in early action on Thursday. Among the decliners, Cabot Oil & Gas dipped 1.5% and Chesapeake Energy Corp. fell about 1.9%. Energy stocks co...
Shareholder advisory firm Glass, Lewis & Co. on Wednesday advised investors in Chesapeake Energy Corp. (CHK) to vote for shareholder proposals that would dramaticall...
FBN’s Robert Gray breaks down Pandora’s first-quarter earnings results.
Chesapeake Energy Corp. fell 3.7%, Denbury Resources lost 3.1% and EOG Resources dipped 2.6% Wednesday as energy stocks stumbled out of the gate. Energy stocks in th...
Chesapeake Energy Corp. (CHK) on Tuesday said it stands by its plan to expand its oil production, saying it will spend nearly all of its 2013 capital budget on drill...
Chesapeake Energy Corp. (CHK) Tuesday said it stands by its plan to expand its oil production, saying it will spend nearly all of its 2013 capital budget on drilling...
Oilfield services company FTS International said Friday it has agreed to establish its first international joint venture with a Saudi Arabian company to provide serv...
Chesapeake Energy Corp. (CHK) Friday said it will cut total compensation for its board by 20%, the latest move by the beleaguered natural-gas giant to quell criticis...
Chesapeake Energy Corp. (CHK) Friday said it will cut compensation for its board members by 20%, the latest move by the beleaguered natural gas heavyweight to quell ...
Chesapeake Energy Corp. said late Friday that its board and senior management are taking steps they expect will result in a higher price for the oil and gas producer...
Activist investor Carl Icahn reported a 7.6% stake in Chesapeake Energy Corp. (CHK) Friday and called for the replacement of at least four of the embattled natural-g...
FBN’s Peter Barnes on plans for J.P. Morgan CEO Jamie Dimon to testify before a Senate Panel.
Activist investor Carl Icahn blasted Chesapeake Energy's board Friday after disclosing his investment fund has taken a 7.56% stake in the troubled oil and natural ga...
Activist investor Carl Icahn reported a 7.6% stake in Chesapeake Energy Corp. (CHK) and called for the replacement of at least four of the embattled natural gas comp...
Activist investor Carl Icahn reported a 7.6 percent stake in oil and gas company Chesapeake Energy Corp <CHK.N>, and asked for at least four members of its board to ...
Energy stocks contained in the S&P 500 rose 0.7%, on average, in early trades on Friday. Chesapeake Energy Corp. moved up 2.5%, rising for the second day after it sa...
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