Aubrey McClendon is Asking for More of Your Hard Earned Money. Is He Worth the Risk this Time Around
The end of Aubrey McClendon's tenure at Chesapeake Energy wasn't exactly what you would call ideal, but the famous wildcatter is hoping to put that behind him as he looks to raise capital for his new limited partnership, American Energy Capital Partners. Recently, the company filed an S-1 form with the Securities and Exchange Commission, which, for those of us who do not speak "SEC", means the company will make an initial public offering. Between the $2 billion the company hopes to raise in this offering, and the $1.7 billion the company has already raised through debt and venture capital, Mr. McClendon will have a much bigger war chest to start than the $50,000 he started Chesapeake with.
So what exactly does American Energy Capital Partners do? Is it something you should look into as an investor? Tune into the video below, where fool.com contributor Tyler Crowe breaks down this new company, and whether it should be on your radar or not.
One energy investment that is putting OPEC on its heels
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The article Aubrey McClendon is Asking for More of Your Hard Earned Money. Is He Worth the Risk this Time Around? originally appeared on Fool.com.Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe owns shares of Enterprise Products Partners L.P.. You can follow them on Twitter @TMFDuffy and @TylerCroweFool, respectively. The Motley Fool recommends Enterprise Products Partners L.P.. 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.
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