Chesapeake Energy Corporation (CHK) News: New CCO, Innovative Alternatives, Operating Profits & More

Editor’s Note: Related tickers: Chesapeake Energy Corporation (NYSE:CHK), SandRidge Energy Inc. (NYSE:SD)

SandRidge Founder Tom Ward Fired as Probe of Deals Concludes (BusinessWeek)
SandRidge Energy Inc. (NYSE:SD) Chairman and Chief Executive Officer Tom Ward was fired from the energy producer he founded and replaced by Chief Financial Officer James Bennett, days before an activist shareholder was poised to gain control of the board. Ward departed after the board decided “new leadership is in the best interests of the company and its shareholders,” SandRidge Energy Inc. (NYSE:SD) said in a statement yesterday. Director Jeffrey Serota was named interim chairman. Ward, 53, founded the Oklahoma City-based oil explorer in 2006 after leaving Chesapeake Energy Corporation (NYSE:CHK)

Chesapeake Utilities Corporation (NYSE:CPK)

Chesapeake hires former SEC lawyer as chief compliance officer (BizJournals)
Chesapeake Energy Corporation (NYSE:CHK), one of the Eagle Ford Shale’s largest players, has named Patrick K. Craine, partner with the law firm Bracewell & Giuliani, as chief compliance officer. Oklahoma City-based Chesapeake Energy Corporation (NYSE:CHK) had previously retained Craine to respond to a Securities and Exchange Commission investigation, according to a Reuters report. The company — whose Eagle Ford operations are headquartered in San Antonio — faced a storm of shareholder and regulator scrutiny over the way former CEO Aubrey McClendon ran the company’s operations.

Interesting CHK Put And Call For June 28th (Forbes)
Investors in Chesapeake Energy Corporation (NYSE:CHK) saw new options become available today, for the June 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CHK options chain for the new June 28th contracts and identified one put and one call contract of particular interest. The put contract at the $20.00 strike price has a current bid of 39 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $20.00, but will also collect the premium, putting the cost basis of the shares at $19.61 (before broker commissions).

Chesapeake Pumps Up Its Margins By Shifting Focus To Liquids (Forbes)
Over the past two years, Chesapeake Energy Corporation (NYSE:CHK)’s profitability has been weighed down by low natural gas prices and high drilling costs. In 2012, the firm posted a sizable operating loss of around $1.7 billion. However, it has been taking steps to get back on track by concentrating on the core portions of its most important plays, boosting its liquids production and also focusing on improving drilling efficiencies. During the first quarter, Chesapeake Energy Corporation (NYSE:CHK) saw a marginal improvement, posting an operating profit of around $217 million. Here is a quick look at some factors that can positively impact the firm’s profitability going forward.

Chesapeake workers give back (TimesReporter)
Eighteen Chesapeake Energy Corporation (NYSE:CHK) employees recently helped with a Habitat for Humanity project as part of the company’s annual Operation Blue summer volunteer campaign. The workers installed shingles and siding at a home under construction in the 700 block of Lincoln Avenue NW. They will return June 27 to install drywall, on July 11 to do painting and in September to do landscaping work. Operation Blue is an annual campaign during which Chesapeake Energy Corporation (NYSE:CHK) employees serve the needs in their community by volunteering four hours on company time. Last year, 6,045 employees gave more than 38,000 volunteer hours to serve 477 nonprofit organizations across the country.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!