Only a couple months removed from his post as CEO of Chesapeake Energy (NYSE: CHK ) , Aubrey McClendon is back at it. McClendon is said to be in contact with several private equity firms and sovereign wealth funds to raise about $1 billion to get his new venture, American Energy Partners LP, off the ground.
Because of all the issues that happened just prior to McClendon's departure, its easy to forget that he and SandRidge CEO Tom Ward started Chesapeake with $50,000 only 24 years ago. Today, Chesapeake is the second-largest natural gas producer in the U.S. So if there is one thing McClendon has shown that he can do, it's get an energy company off the ground. This time may be more challenging, though, because he has a non-competitive agreement with Chesapeake for the next couple of years. In this video, Fool.com contributors Tyler Crowe and Aimee Duffy look at the challenges and advantages that McClendon faces in developing this new energy company, and consider whether or not investors will ever get a shot at this new energy play.
With new CEO Robert Douglas Lawler at the helm, Chesapeake is looking to transfer its shift in production strategy into profitability. While the debt issues still persist, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand-new premium report on the company. Simply click here now to access your copy.