The Blogtimely commentary and analysis on the state of energy

May

11

Are Reserves Overstated?

By Deborah Rogers Although more bad news came out on Chesapeake Energy (CHK) today regarding their admission that material impairment charges may be on the way, I want to write about something other than Chesapeake for a change. Obviously it is no surprise that impairment charges might be forthcoming. Paulo Santos, however, wrote a piece […]

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May

11

Confirmed: Loans Are Not the Only Worry at Chesapeake

By Deborah Rogers On April 18, I posited on Energy Policy Forum that the $1.1B in undisclosed loans which Reuters had exposed belonging to Chesapeake Energy (CHK) CEO Aubrey McClendon might merely be the tip of the iceberg. I was concerned about volumetric production payments (VPPs). Late this afternoon, the Wall Street Journal independently confirmed […]

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May

09

“Too Good a Deal” at EIG…but what if you’re a shareholder of Chesapeake?

By Deborah Rogers Reuters broke another astonishing story tonight about additional loans entered into between EIG, a Washington DC based hedge fund, and Aubrey McClendon, CEO of Chesapeake Energy (CHK). These new loans are in addition to the $1.1B in unreported loans which Reuters exposed several weeks ago. What is interesting about this new information […]

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