Company went almost bankrupt in 1999 and IMHO will go bankrupt again.

I have a great receipt how to make money: take loads of debt,leverage the company pump it went it goes up and dump it went things look bad.Who lose?

Shareholders and big time! Who earns management !

Last week Aubrey K. McClendon, the CEO of Chesapeake Energy Corporation (NYSE:CHK), disclosed that he was forced to sell almost his entire holdings of company stock due to a margin call from lenders. The stock sale took three days to complete.  "These involuntary and unexpected sales were precipitated by the extraordinary circumstances of the worldwide financial crisis," McClendon said in a company press release. "In no way do these sales reflect my view of the company's financial position or my view of Chesapeake’s future performance potential


So,so funny! I trust him completely CEO got margin call on shares of his own company and guess what sold it all !


Now comes the best part: company has 14,000,000,000 debt and no cash ! Fixed cost stayed the same and price of natural gas went (UNG) went from 63 to 30 in 3 months.

If you want to know what happened to another natural gas star check CMZ they are down 90%!

Price is now 20.47!