Posts Tagged ‘aubrey’

Chesapeake crashes to $2.05bn loss

by on November 1, 2012 9:02 pm BST
In the three months to September, the company took a $2.02 billion writedown on oil and gas properties, a $63 million charge in natural gas and oil derivatives hedging and an additional $28 million in writedowns.On the plus side, the company saw its oil production nearly double to 89,960 barrels,

Chesapeake ‘reviewing’ executive pay

by on October 3, 2012 9:47 pm BST
Two of Chesapeake's largest shareholders, Carl Icahn and Mason Hawkins, hand-picked four directors and a new independent chairman in June following a series of Reuters investigations detailing potential conflicts of interest by chief executive Aubrey McClendon, the news wire reported.The filing provides a first hint that the so-

Chesapeake woes could hit workers, too

by Forex Rooton May 15, 2012 7:37 pm BST
Thousands of Chesapeake workers have retirement portfolios that are heavily invested in Chesapeake stock, which has declined sharply following revelations about chief executive Aubrey McClendon's business dealings, Reuters reported.But while retail and institutional investors have sold the stock, employees don't always have that option."Employees are naturally worried,"

WSJ: ‘Undisclosed’ Chesapeake debt looms

by Forex Rooton May 11, 2012 5:24 pm BST
The Wall Street Journal analysed 10 of the company’s Volumetric Production Payment agreements and projected that the costs associated with the arrangements was far higher than $600 million over 10 years previously estimated.The liabilities raise questions about the company’s ability to manage its cash flow, the newspaper said, among the concerns