05 May '12, 2pm

Gas Boom Might Not Be All It’s Fracked Up to Be

Gas Boom Might Not Be All It’s Fracked Up to Be

A flood of bad news for Chesapeake Just last week, the trickle of news turned into a flood. According to a report by Reuters, Chesapeake Energy is coming under scrutiny by the Securities and Exchange Commission. A followup story on National Public Radio raised the possibility that the case could expose an Enron-scale debacle that threatens to turn the natural gas boom to bust, a prediction supported by a New York Times article noting that Chesapeake’s stock price has fallen 45 percent in the past year (Chesapeake is the second-largest gas driller in the U.S., behind Exxon Mobile).

Full article: http://www.triplepundit.com/2012/05/cheseapeke-energy-cou...

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