Monday, August 16, 2010

Carl Icahn Buys More Chesapeake Energy (CHK) stock

By Andrea:

August 16, 2010: Carl Icahn increased his number of shares in Chesapeake Energy today from 2.1 million shares to 12.7 million shares. Current market price is around $21/share for Chesapeake Energy. Carl Icahn's new shares cost him approximately $240,000,000 with the new shares. Carl Icahn also bought Anadarko Petroleum (APC) and NRG Energy Inc. (NRG).

Chesapeake Energy has leading positions in the Eagle Ford shale, Haynesville shale and Marcellus shale

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