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Aubrey McLendon resigns from CHK

Posted on 1/29/13 at 4:36 pm
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 1/29/13 at 4:36 pm
Stock up or down?

LINK
Posted by rmc
Truth or Consequences
Member since Sep 2004
26494 posts
Posted on 1/29/13 at 4:38 pm to
Wow. Very good question. It has to go up a little with all the negative news re Aubrey the last year or so.

ETA:
quote:

Chesapeake rose 9.4 percent to $20.75 at 5:25 p.m., after the close of regular trading in New York.
This post was edited on 1/29/13 at 4:39 pm
Posted by BROffshoreTigerFan
Edmond, OK
Member since Oct 2007
10004 posts
Posted on 1/29/13 at 4:40 pm to
We got the email about 30 minutes ago. I was waiting for a link before starting something.

Posted by cwill
Member since Jan 2005
54752 posts
Posted on 1/29/13 at 4:41 pm to
His old buddy Tom Ward will be hangin' tough with him soon, too.
Posted by BROffshoreTigerFan
Edmond, OK
Member since Oct 2007
10004 posts
Posted on 1/29/13 at 4:47 pm to
It's really gonna suck if I have to go back offshore. Not sure how this is going to impact us. There's been lots of cut back recently, and some talk of eliminating positions.
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 1/29/13 at 4:53 pm to
What do you do?
Posted by BROffshoreTigerFan
Edmond, OK
Member since Oct 2007
10004 posts
Posted on 1/29/13 at 4:57 pm to
Analyst in drilling support. I help maintain the reporting system that all the rigs use to track costs and well progress.
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 1/29/13 at 5:00 pm to
SCADA?
Posted by BROffshoreTigerFan
Edmond, OK
Member since Oct 2007
10004 posts
Posted on 1/29/13 at 5:03 pm to
Wellview. It's a peloton product. Siteview and Rigview are some others.
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 1/29/13 at 5:27 pm to
Up almost $2 on the news
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 1/29/13 at 6:05 pm to
I just checked our available jobs....nothing for your skill set...but I'm sure if you want to stay onshore there are a ton of jobs available in the Houston area - demand is extremely high for all positions....further CHK isn't done, just AM.
Posted by rmc
Truth or Consequences
Member since Sep 2004
26494 posts
Posted on 1/29/13 at 6:11 pm to
quote:

further CHK isn't done, just AM.


He probably quit just so the stock would jump 10-20% in the near term so he could sell off.
Posted by BROffshoreTigerFan
Edmond, OK
Member since Oct 2007
10004 posts
Posted on 1/29/13 at 6:19 pm to
Thanks for that. Just off the top of my head; chevron, Devon and pioneer all use wellview and I've contracted for all those companies before. Devon is in OKC, so if something did happen, I might not even have to move.

Plus, like you said, just AM is done. We've gotten a few follow up emails that have kind of cleared some of the air up.
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 1/29/13 at 10:51 pm to
CHK has some nice assets...just been totally mismanaged over the years.
Posted by GREENHEAD22
Member since Nov 2009
19583 posts
Posted on 1/29/13 at 11:01 pm to
Since I have a bunch of O&G guys around, do any of yalls companies do internships? If so anyone want to take a resume or drop a number for me?
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 1/30/13 at 8:01 am to
Wow I just bought CHK a couple of days ago at 18.50. Premarket today has it up to 21.
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