Chesapeake Energy Corp.’s stock price may have reached its bottom, an energy analyst said Friday. However, things may heat up in the coming days after activist shareholder Carl Icahn revealed late Friday that his firm now owns a 7.6% stake in the company — and he wants four board members replaced.
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Chesapeake’s ‘Profligate’ Spending, Accounting Scrutinized
Shale giant Chesapeake Energy Corp. “has one of the industry’s best collections of natural gas assets,” but “continuing concerns about the company’s profligate spending” and accounting methods led veteran analyst Philip H. Weiss of Argus Research to trim his recommendation to “sell” last week.
December 6, 2010
FERC Investigation ‘Flawed, Superficial, Incomplete,’ Northern Says
FERC’s analysis leading to the initiation of a Natural Gas Act Section 5 investigation into the rates of Northern Natural Gas was “flawed, superficial and incomplete,” Mark Hewett, Northern Natural president, told customers last Tuesday.
November 30, 2009
FERC Investigation ‘Flawed, Superficial, Incomplete,’ Northern Says
The Federal Energy Regulatory Commission’s analysis leading to the initiation of a Natural Gas Act Section 5 investigation into the rates of Northern Natural Gas was “flawed, superficial and incomplete,” Mark Hewett, Northern Natural president, told customers Tuesday.
November 25, 2009
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