Tribulations

Chesapeake Still Roiling; S&P Downgrades

The tribulations at Chesapeake Energy Corp. proved to be a rerun of the week before, with the stock price ticking lower, more shareholders publicly voicing their disapproval, another credit ratings agency downgrade and the board of directors announcing yet more changes. However, CEO Aubrey McClendon said last week he was confident several planned property sales this year would plug a funding gap estimated at $10 billion.

May 21, 2012