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Jan.29
10:01 PM ET
Thursday, 29 Jan 2009
Executive Decision: Chesapeake Energy CEO Aubrey McClendon
Posted By:Tom Brennan
Topics:Natural Gas | CEOs and CFOs | Stock Picks | Stock Market
Sectors:Oil and Gas
Companies:Chesapeake Energy Corp
The stock of natural gas company Chesapeake Energy [CHK
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] plummeted to an intraday low of $9.84 on Dec. 5 from $74 in July. That CHK has rebounded to $16 and change isn’t much of a consolation to investors. So when Chairman and CEO Aubrey McClendon appeared on Mad Money Thursday, he had some explaining to do.
Watch the video to see why McClendon thinks nat gas took such a big hit toward the end of the year, whether he expects President Obama to favor the fuel, and probably most prevalent on CHK investors’ minds, what happened when he was forced to sell 31 million of his own company shares.
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