Carl Icahn Seventy Seven Energy SSE

Carl Icahn Owns 10% Of Seventy Seven Energy (SSE)

News broke late yesterday of a 13D filing by Icahn Capital that showed Carl Icahn had acquired a 9.98% stake in Seventy Seven Energy Inc (NYSE:SSE), the oil fracking services business that was spun off last month by Chesapeake Energy Corporation (NYSE:CHK) in its ceaseless drive to raise cash.

In after-hours trading the market bid up the stock more than 3.5% over its closing price of $24.62 . . .

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