Aubrey McClendon Retirement Reaction: CHK Stock Climbs, Fracktivists Shrug, Reuters Gloats
First, from Financial Times comes a report that Chesapeake's shares jumped 10 percent in after-hours trading to $20.87.
From anti-drilling activist Dory Hippauf of shaleshockmedia.org:
Read that whole post by clicking here.
And lastly, from Reuters - who seemingly was on a crusade to dig up as much possible mud to fling at McClendon and Chesapeake as possible over the past year or so - comes this:
Chesapeake Energy Corp said on Tuesday that Aubrey McClendon will step down as chief executive after a tumultuous year in which a series of Reuters investigations triggered civil and criminal probes of the second-largest U.S. natural gas producer.
News of the executive's plan to depart on April 1 boosted the company's shares by 9 percent. The stock has made a partial recovery since losing almost half its value last spring after a Reuters report opened the company and its co-founder up to intense scrutiny.Notice the double pat on the back in the two introductory paragraphs of the article. Reuters is feeling pretty good about this, I guess. You can read the rest of their article here.
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