Chesapeake Energy: The Bad News Pipeline

Of late, Chesapeake Energy Corporation (NYSE:CHK) has consistently been in the news for all the wrong reasons. Recently these have ranged from collusion in fixing land prices, holding non-core real estate during a severe cash crunch, altering lease deed terms with land-owners, special payment privileges to a section of employees in the event the company changes hands, and a fine for a January well blowout. Can the company do anything right? Here’s a recap of the recent news. Financial Management and Asset Allocation Chesapeake Energy Corporation (NYSE:CHK) holds huge quantities of prime real estate in Oklahoma City, including a 120-acre headquarter…