Chesapeake Energy Sold its Soul to Aubrey McClendon

Aubrey McClendon isn't done with Chesapeake Energy (NYSE: CHK  ) , the company he co-founded, just yet. He vacated his role as CEO last year amid controversy over his managerial direction but has returned in the form of a stakeholder in the company's acreage. Using his pull, he is trying to get Chesapeake to drill 12 wells in the dry gas-heavy Haynesville shale in northern Louisiana. This is a bit concerning for investors for many reasons. Aside form McClendon's existing company ties, production companies like EOG Resources (NYSE: EOG  ) are bearish on natural gas production until 2017 or 2018. For more, tune into the short video below. 

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This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.


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