Please ensure Javascript is enabled for purposes of website accessibility

What Did Chesapeake Tell Investors Today?

By Taylor Muckerman and Joel South - Apr 1, 2013 at 3:09PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Debt and an ongoing search for Aubrey McClendon's replacement as CEO are two highlights from the company's recent conference call.

April 1 had been earmarked on every Chesapeake Energy (CHKA.Q) investor's calendar as the day that co-founder and CEO Aubrey McClendon would be stepping down. That day is finally here, and a replacement is nowhere to be found.

Instead, the company has set up a three-member "Office of Chairman" team to continue running the company while moving forward with the ongoing search. This team consists of the current CFO, COO, and non-executive chairman. The news about the CEO-by-committee setup wasn't the only assurance that the company offered to sate investors.

Capital spending will also be a focal point this year, as the company fully expects to stay within its stated $6 billion plans. This is critical because cash flow from operations simply hasn't been able to keep pace with spending over the last several years. Find out more in the video below with Motley Fool analysts Joel South and Taylor Muckerman.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Chesapeake Energy Corporation Stock Quote
Chesapeake Energy Corporation
CHKA.Q

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
349%
 
S&P 500 Returns
122%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/18/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.