Chesapeake stock up after announcement

Posted on: 4:06 pm, January 30, 2013, by and


Wall Street responded positively to the announcement that Chesapeake’s founder and CEO, Aubrey McClendon is leaving the company he co-founded.

Chesapeake stock ended the day almost 6 percent higher at $20.11 a share.

As one analyst said, Aubrey McClendon was the “face of the U.S. natural gas boom.”

When those gas prices plummeted, McClendon’s style of mixing personal finances with the corporation attracted negative attention from regulators and shareholders.

Energy reporter for the Journal Record, Sarah Terry-Cobo, talked with us about McClendon’s impact and future.