Are Chesapeake's Problems A Red Flag For Shale Gas?
Chesapeake
Energy has been in the news a lot, lately, concerning both the
significant challenges it faces in financing its ambitious development
program, and its high-profile CEO, who was recently forced to relinquish
his role as Chairman. The company's stock is trading for half its
value one year ago and less than a fourth of its 2008 peak. Chesapeake
is the second-largest producer of natural gas in the US after
ExxonMobil, and probably the company most associated with the shale gas
revolution, yet it is struggling.
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