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May 8, 2012

McClendon: Poster Boy for Bad Governance

Suzanne McGee, The Fiscal Times


AP Photo

Chesapeake Energy (CHK 0.00%) just can't catch a break. Natural gas prices have slumped to levels where exploration companies must wonder whether it makes sense continuing to extract the stuff. Fitch Ratings cut its outlook for the company's debt to negative from stable, citing the fact that it has continued to spend heavily in spite of those ultra-low ...

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TAGGED: natural gas prices, government regulation, corporate finance, natural gas, Chesapeake Energy, Aubrey McClendon

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