Canadian Finance, Economics and Fiscal Analysis
The whole investment world sees Twitter, Facebook, Linkedin, etc., and starts to wonder what the next hype is going to be as everybody gets financially envious at those who are bailing out en-masse with shares they have at a cost basis of pennies. In Canada, the number of choices are quite limited. Most of the … Continue reading “Canadian social networking companies – Keek, Inc.”
The CEO of Chesapeake Energy (NYSE: CHK) announced his resignation today, pending the confirmation of a successor being hired. Because the CEO was a very flamboyant abuser of his position in the company (and for most intents and purposes is a poster child for anti-business political movements everywhere) the stock price will shoot up tomorrow … Continue reading “Chesapeake Energy CEO quits”
I will not be taking any positions in Chesapeake Energy (NYSE: CHK), but the story behind it is fascinating. The latest revelations from Reuters not surprisingly shows that the corporation has significant structure built around the CEO’s lifestyle. It makes you wonder how this will all go down when they finally get rid of the … Continue reading “Chesapeake Energy – How long to clean up the mess?”
The saga with Chesapeake Energy (NYSE: CHK) continues – today they released their 10-Q filing where the new pronouncement was that their asset divestiture program was taking a bit longer than expected. The market subsequently took them down 14%, which took them down into lows not seen since the 2008 financial crisis (and the CEO’s … Continue reading “Chesapeake Energy – Fishy”
Chesapeake Energy (NYSE: CHK) is the second largest natural gas producer in the USA. It has a few claims to fame. The most positive and negative aspects of the company seem to be directly related to its CEO, Aubrey McClendon. Concentrating on the negative side of the story, is that McClendon formerly owned about 5% … Continue reading “Chesapeake Energy – What a basket case”