Friday, October 10, 2008

Chesapeake Energy ( CHK ) News 10/10/08

Chesapeake Energy ( CHK ) just came out with major news that is sending its stock soaring in afterhours trading tonight.

Dow Jones is reporting:

  • Chesapeake In Talks With 'Multiple Parties' On Midstream Ops Stake
  • Chesapeake Energy CEO Involuntarily Sells All Shrs To Meet Margin Loan Calls
  • Chesapeake: Further Cuts To 4Q CapEx Are Underway >CHK
  • Chesapeake Energy ( CHK ) sells Marcellus Stake for 2.5- 3 Billion.

So Aubry got flushed out.....and now you can see why the stock got murdered over the past three weeks with the addition of Hedge Fund Selling.