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The Water Cooler
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CHK hits 52 week low
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<blockquote data-quote="inactive" data-source="post: 1780289" data-attributes="member: 7488"><p><a href="http://www.google.com/finance?cid=656337" target="_blank">http://www.google.com/finance?cid=656337</a></p><p></p><p><em>The U.S. Securities & Exchange Commission has opened an informal inquiry into the loans, Reuters reported yesterday, citing an unidentified source familiar with the matter. SEC spokesman Kevin Callahan declined to comment.</em> </p><p></p><p><em>Chesapeake said it would end the program that gives McClendon a 2.5 percent stake in every one of the company's thousands of wells in 2015, when the shareholder approval of the program that started in 2005 expires.</em></p><p></p><p></p><p>All I am saying that that a 52 week low is never a good thing. And it seems a bit premature to confirm the 2015 end to a program three years early in 2012, unless of course you know there is something dubious about it.</p><p></p><p></p><p>I'm curious about how this will play out. I'm also a bit worried about OKC considering all of the development and positivity that CHK's capital investment has brought to the community.</p></blockquote><p></p>
[QUOTE="inactive, post: 1780289, member: 7488"] [url]http://www.google.com/finance?cid=656337[/url] [I]The U.S. Securities & Exchange Commission has opened an informal inquiry into the loans, Reuters reported yesterday, citing an unidentified source familiar with the matter. SEC spokesman Kevin Callahan declined to comment.[/I] [I]Chesapeake said it would end the program that gives McClendon a 2.5 percent stake in every one of the company's thousands of wells in 2015, when the shareholder approval of the program that started in 2005 expires.[/I] All I am saying that that a 52 week low is never a good thing. And it seems a bit premature to confirm the 2015 end to a program three years early in 2012, unless of course you know there is something dubious about it. I'm curious about how this will play out. I'm also a bit worried about OKC considering all of the development and positivity that CHK's capital investment has brought to the community. [/QUOTE]
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