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The Water Cooler
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CHK hits 52 week low
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<blockquote data-quote="okietool" data-source="post: 1783849" data-attributes="member: 6030"><p>Where is the news. Every 52 weeks any stock has a low and a high. From what I can gather, CHK, as part of his compensation / incentive package, gives its CEO a stake in every well. He borrowed money against the stake in these wells. It's value fell, not a big shocker in oil and gas wells. It looks to me like the lenders didn't do their due diligence. </p><p>Is McClendon a crook? Damifino. A lot of Independent oil and gas exploration / production companies may be close to their 52 week lows. Mine is. I would like to have that deal on just the wells I work on. But I wouldn't want to have to pay for the dry holes I work on.</p></blockquote><p></p>
[QUOTE="okietool, post: 1783849, member: 6030"] Where is the news. Every 52 weeks any stock has a low and a high. From what I can gather, CHK, as part of his compensation / incentive package, gives its CEO a stake in every well. He borrowed money against the stake in these wells. It's value fell, not a big shocker in oil and gas wells. It looks to me like the lenders didn't do their due diligence. Is McClendon a crook? Damifino. A lot of Independent oil and gas exploration / production companies may be close to their 52 week lows. Mine is. I would like to have that deal on just the wells I work on. But I wouldn't want to have to pay for the dry holes I work on. [/QUOTE]
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CHK hits 52 week low
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