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The Water Cooler
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CHK hits 52 week low
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<blockquote data-quote="tul9033" data-source="post: 1783921" data-attributes="member: 2319"><p>Yeah I did that the last go around and it went down to $8, thought they were headed for bankruptcy for sure.</p><p></p><p></p><p></p><p>The news is McClendon has basically had the curtain lifted, so he's stepping down from his Chairman position and stopping his loan agreement on his stake in the wells. I'm sure many privately held O&G CEO's can get away with this, but when your publicly traded it tends to make the share holders a bit nervous. CHK has lost nearly 50% of it's value since November, not too many of those are reflecting that kind of drop. CHK has been super undervalued on paper, it's the personalities and debt load that are scaring people off.</p><p></p><p>-2.62 (13.32%) as of noon.</p></blockquote><p></p>
[QUOTE="tul9033, post: 1783921, member: 2319"] Yeah I did that the last go around and it went down to $8, thought they were headed for bankruptcy for sure. The news is McClendon has basically had the curtain lifted, so he's stepping down from his Chairman position and stopping his loan agreement on his stake in the wells. I'm sure many privately held O&G CEO's can get away with this, but when your publicly traded it tends to make the share holders a bit nervous. CHK has lost nearly 50% of it's value since November, not too many of those are reflecting that kind of drop. CHK has been super undervalued on paper, it's the personalities and debt load that are scaring people off. -2.62 (13.32%) as of noon. [/QUOTE]
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