Chesapeake Energy Corp.’s board of directors Thursday was working with CEO Aubrey McClendon to terminate early the Founder Well Participation Program (FWPP) in which the CEO has a contractual right to participate and invest up to a 2.5% working interest in every new well the company drills.
Implying
Articles from Implying
Futures Fizzle Despite Undeniable Fundamental Strength
Realizing that bulls had spent all their bullets, bears hadtheir way at Nymex for the second-straight session Wednesday asthey took prices lower in several selling waves. Not even amid-morning rally could dissuade traders from continuing to takeprofits following the market’s precipitous spike to $9.65 earlierin the week. As a result, the January contract was left to slumplower for much of the afternoon, finishing 60.8 cents lower at$7.537.
December 14, 2000
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
