Chesapeake Goes Under the SEC's Knife
Investors are speaking out at both Chesapeake Energy and SandRidge Energy regarding actions taken by each company's CEO. With current investigations and proxy votes nearing an end, investors might finally have a clearer vision of where these companies are headed. While the SEC investigation into Chesapeake has no certain timetable, SandRidge investors have March 15 pinned on their calendars as the date when proxy voting results regarding CEO Tom Ward's future with the company are due. Check out the video below for more detail on each issue.
Down over 20% for the last year, Chesapeake investors have been on a wild ride
Its share price depreciated after negative news surfaced concerning the company's management and spiraling debt picture. While these issues still persist, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand-new premium report on the company. Simply click here now to access your copy, and as an added bonus, you'll receive a full year of key updates and expert guidance as news continues to develop.
The article Chesapeake Goes Under the SEC's Knife originally appeared on Fool.com.Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.