3 Energy Stock Stories Ready For Weekend Entertainment

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Chesapeake Energy Corp. (NYSE:CHK): Closing price $25.00

He’s baaaaack! The founder and former Chief Executive Aubrey McClendon, since being sacked as Chesapeake’s CEO in April, has created his own company, American Energy Partners LP, and is said to have raised a stake of $1 billion with which to go on shopping spree for new properties. A report by Upstream Online claims that McClendon’s new firm has put in the top bid for 50,000 acres in the Utica shale play in Ohio that Royal Dutch Shell is divesting. The acreage is fragmented and is also reportedly a part of a still unproven oil play in the region. Others believe that McClendon has purchased 22,500 acres from Enervest and its affiliate EV Energy Partners L.P. for over $280 million.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

CHK-20130816

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business