I’ve never seen anything like this. A couple of weeks ago, CHK (25.82) was at the top of my commodities insider buying list. The CEO, Aubrey Kerr McClendon, from May to July 2005 bought $18 million worth of shares at an average price of $22.31. Today the stock closed at $28.89 meaning a nice 30% or $5 million paper profit for Mr. McClendon. But here’s the kicker: According to the Wall Street Journal, (which has excellent up-to-date information), he just bought another $12 million last week!

Date	Shares	Price	Total Cost
2005-08-16	250,000	28.02	7,005,144
2005-08-17	50,000	28.09	1,404,450
2005-08-18	50,000	26.58	1,329,230
2005-08-23	50,000	27.37	1,368,530
2005-08-24	50,000	28.13	1,406,731
		27.64	12,514,085