May 2, 2012
Why Chesapeake Is Still A Bad Bet
Daniel Dicker, TheStreet.com
NEW YORK (TheStreet) -- Chesapeake Energy(CHK_) proved it isn't entirely deaf to shareholders' concerns and today announced it would appoint a new chairman of the board, replacing founder Aubrey McClendon. The only problem is that changing the chairman won't change the unhappy fundamentals at work. Chesapeake remains a natural gas company under pressure, and not one to own.
TAGGED: energy investment, natural gas industry, natural gas, Aubrey McClendon, Chesapeake Energy