Exploring Hydrocarbon Depletion
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seahorse3 wrote:Chesapeake Energy has had its share of financial problems, but they've just been compounded with new revelations that their CEO is pledging assets of the company for personal loans.
If this is the state of the NG industry, it will not come riding to the energy rescue.
Reuters says the loans are being used to finance McClendon's re-investment in the same assets he's using as collateral.
A CEO with the vig running on $1.1 billion has entirely different concerns than your average "Buy and Hold" investor.
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