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Stock Market & Financial Investment News

News Breaks
April 22, 2012
12:55 EDTCHKChesapeake issues statement in response to recent media reports
Chesapeake Energy Corporation General Counsel Henry J. Hood issued the following statement in response to recently published media reports: “The Founders Well Participation Program, FWPP. has been in place since the company’s founding and was reapproved by shareholders by a wide margin in 2005. The terms and procedures for the program are clear and detailed in every proxy for all shareholders to see. Mr. McClendon’s interests and Chesapeake’s are completely aligned. In addition, there are numerous third-party participants in the company’s wells, including some of the largest energy companies in the world, that monitor the actions of the company through a number of processes, including well audits, reporting, governmental filings and hearings, participation in development plans and marketing of production. The suggestion of any conflicts of interest is unfounded.” Hood also added, “The Board of Directors is fully aware of the existence of Mr. McClendon’s financing transactions and the fact that these occur is disclosed in the proxy. Additionally, the total amount of his cost obligations and revenue attributable to the FWPP for each year are detailed in the proxy. The FWPP fully aligns the interests of Mr. McClendon with the company and the Board of Directors supports this program as does the majority of its shareholders.”
News For CHK From The Last 14 Days
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July 20, 2014
11:58 EDTCHKCaterpillar, five others should benefit from global recovery, Barron's says
Caterpillar (CAT), Teradata (TDC), Kennametal (KMT), Capital One Financial (COF), T. Rowe Price Group (TROW), and Chesapeake Energy (CHK) are all relatively cheap and should benefit from global recovery, Barron's contends in its cover article. Reference Link
July 14, 2014
07:04 EDTCHKExterran Partners to acquire natural gas compression assets from MidCon
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July 10, 2014
12:59 EDTCHKChesapeake up against bid-rigging case, Reuters says
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07:39 EDTCHKRice Energy shares offer good value after pullback, says BMO Capital
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July 9, 2014
10:25 EDTCHKChesapeake price target raised to $33 from $30 at JPMorgan
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July 8, 2014
07:39 EDTCHKUBS to hold a mini-conference
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