Aubrey McClendon isn't done with Chesapeake Energy (OTC:CHKA.Q), 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.
Capable management is a key tenet of Warren Buffett's investing philosophy
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.