Chesapeake (CHK) Looks Further Afield As Supply Pressures Increase

Since Carl Icahn got decisively involved in Chesapeake Energy Corporation (NYSE:CHK) last week the market has taken to reevaluating the company. Icahn has a solid record of turning businesses around and hope has put upward pressure on the firm’s stock. As of time of writing the company was trading up by almost 5% after solid gains yesterday. It almost looks like the firm could be saved, or at least sold. Meanwhile news arrived yesterday about some of the terrible strategies the company had been employing in a bid to grow. Leaving aside the huge balance sheet problems Chesapeake is still…