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Gold/Mining/Energy : Chesapeake Energy CHK -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (701)12/14/2009 12:17:24 PM
From: scots40  Respond to of 725
 
As a test to my memory, this company is largely controlled by one family and they do some strange things. Some time ago, (1 year ago or so) one of the higher ups had a margin call or something to that effect. They were forced to sell a lot of stock at a low price which really hurt the price. This was when the energy stocks were collapsing after $100+ oil spike.

I often wonder what a successfull person with all this money in one company/industry was thinking.

I still own a little of this stock but will consider Devon or Apache if I want to add to this sector.