Wednesday, March 12, 2008

Aubrey McClendon Still Buying.

Aubrey McClendon, CEO of Chesapeake Energy continues his campaign of aggressively buying his companies' stock.

The company was on a large on-shore leasing spree for a while, accumulated a significant inventory, and now is working on bringing it's natural gas to production. It's been steadily rising up the list of American natural gas producers; it's now at number 3. It has a lot of debt, but with natural gas prices doing well, a lot of drilling ahead of it, a successful hedging program, and even a respected weather team, they look like they have a lot of room to run.

I own some already, and may buy a bit more on a dip.