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News Breaks | | | | April 22, 2012 | | 12:55 EDT |  | CHK | Chesapeake 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.” | |
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News For CHK From The Last 14 Days Check below for free stories on CHK the last two weeks. |
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| May 23, 2013 | | 06:03 EDT |  | CHK | Chesapeake implied volatility at lower end of index mean range
 Subscribe for More Information | | | May 22, 2013 | | 10:00 EDT |  | CHK | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 07:30 EDT |  | CHK | UBS to host a conference
Subscribe for More Information | | | 07:24 EDT | | CHK | Chesapeake upgraded to Positive from Neutral at Susquehanna
Susquehanna upgraded Chesapeake based on increased oil and gas forecasts and re-branding initiatives by new CEO Doug Lawler. Price target raised to $26 from $23. | | | May 20, 2013 | | 07:05 EDT | | CHK | Chesapeake names Anadarko's Lawler as CEO
Subscribe for More Information | | | 07:04 EDT | | CHK | Chesapeake names Robert Douglas Lawler as CEO
Subscribe for More Information | | | May 19, 2013 | | 13:00 EDT |  | CHK | Energy Departmant authorizes second proposed facility to export LNG
The Energy Department announced on Friday that it has conditionally authorized Freeport LNG Expansion, and FLNG Liquefaction, Freeport, to export domestically produced liquefied natural gas, LNG, to countries that do not have a Free Trade Agreement, FTA, with the United States from the Freeport LNG Terminal on Quintana Island, Texas. Freeport previously received approval to export LNG from this facility to FTA countries on February 10, 2011. Subject to environmental review and final regulatory approval, the facility is conditionally authorized to export at a rate of up to 1.4 billion cubic feet of natural gas a day, Bcf/d, for a period of 20 years. The Department granted the first authorization to export LNG to non-FTA countries in May 2011 for the Sabine Pass LNG Terminal in Cameron Parish, Louisiana at a rate of up to 2.2 Bcf/d. Reference Link | | | May 16, 2013 | | 12:33 EDT | | CHK | Chesapeake volatility at 29-month lows
Subscribe for More Information | | | 10:03 EDT |  | CHK | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 06:47 EDT | | CHK | Chesapeake downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Chesapeake citing valuation and a lack of catalysts. | | | | May 13, 2013 | | 06:12 EDT |  | CHK | BNY Mellon appeals ruling on Chesapeake’s early $1.3B bond call, Bloomberg says
Bank of New York Mellon (BK) is appealing a ruling allowing Chesapeake Energy (CHK) to proceed today with redeeming $1.3B in bonds six years early at 100 cents on the dollar, reports Bloomberg. A notice of the appeal was filed May 11 in federal court in Manhattan.Reference Link | |
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