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Comment by DrWAVeSport Cd1 on February 3, 2013 at 10:56

Henry...

Old BOD Members as well  as CHK, et al, Executives who where his accomplices...  

Comment by Henry on February 3, 2013 at 1:18

McClendon is not the only one who should go.  There are others in the higher levels of CHK who helped concoct and perpetuate their schemes.  They should also get a "termination without cause."

Comment by DrWAVeSport Cd1 on January 30, 2013 at 9:23

and Bloomberg reports:

"...McClendon’s departure under a mutual agreement with the board will be treated as a “termination without cause” rather than a retirement,..."

"termination without cause"   Bad sign...

Comment by DrWAVeSport Cd1 on January 30, 2013 at 9:15

http://www.bloomberg.com/news/2013-01-30/chesapeake-ceo-resigns-aft...

"Aubrey McClendon’s agreement to resign effective April 1 culminated a shareholder revolt by Carl Icahn and Southeastern Asset Management Inc.’s O. Mason Hawkins that earlier had cost the CEO the chairmanship he’d held for more than two decades. McClendon also relinquished his annual bonus and saw executive perks curtailed amid federal investigations of a portfolio of personal loans that topped $840 million."

...One more thing to add to my list...

Comment by DrWAVeSport Cd1 on January 30, 2013 at 8:13

Agree with Ben Elmore...

CEMI, CHK Inc., CHK Operating, Inc. (Royalty Cks), etc., etc., etc., are ALL eating CHK Royalty Owners'/UMOs' Checks.  IMO  The devil is in CEMI and the "discounted" prices that CHK negotiates with "Itself," e.g., CEMI.  I would also like to see disclosure of the FWPP (CHK Founder Well Participation Program) documents/contracts with 21/2 percent of CHK's wells' revenues going directly into ONE person's pocket, again, e.g., Aubrey McClendon.  I would like to see a full disclosure of McClendon's "walking-away papers," to include "retirement" stock options, golden parachute terms, all perks and benefits and CHK Company-Wide "Interests/Shares/JV Arrangements/Payments" owned/made for/by/to McClendon...prior to and post his retirement date of April 1, 2013. 

I would like to see full disclosure of Mr. McClendon's "Private" Hedge Fund Activities...the one(s) associated with the 200+ million dollars with his former partner, SandRidge CEO Tom Ward...the one(s) where They trade the SAME commodities CHK Energy, et al, PRODUCES/SELLS...AND BUYS from ALL OF US...  

I would like to see a full Public Investigation of CHK Energy, et al, and Encana for Anti-Trust Law Violations in Michigan, and ALL other O&Gas Shale land/leasing Plays, to include Public disclosure of e-mails, discussion, state leasing documents, etc., all the way back to 2008 when the Haynesville Shale leasing prices began to explode.  But that would not include the Barnett, so let's go back to include the Barnett Shale land leasing frenzy days too...

I would also like to know that Mr. McClendon will remain "retired" from CHK Energy and won't be allowed to push CHK into any future Company "debt building." 

And, I would like to see a public investigation of CHK Energy, et al, per ALL the above...   The "netting-out" of CHK Energy, et al, Royalty Owner Checks and UMO Checks is cause enough for Mr. McClendon to be pushed out...let alone all of the above.

Believe me, if Mr. Chesapeake is going along into a "forced" premature, early, quiet, amicable retirement...and he is not going kicking and screaming...  Somethin's Up!  And, the PI "pictures" are bad... 

 If ALL of the Above is not evidence enough of getting Mr. McClendon out of CHK Energy...

IMO... Not soon enough.

 Let's all hope he focuses his new found time on promoting Nat Gas for consumer consumption and doesn't attempt to create a CHK Energy Part II...

DrWAVeSport Cd1  1/30/2013

 

 

    

 

Comment by Ben Elmore on January 30, 2013 at 4:16

Since most of their production is tied up in long-term gas contracts they entered with CEMI before CHK sold its midstream business, I don't think royalty owners will see much of a change.  IMO.  The terms in those contracts played a big part in making CHK's midstream business such an attractive target.