Friday, December 12, 2008

Can Chesapeake Break Spending Habit?

Aubrey McClendon, Chief Executive Officer of Chesapeake Energy (CHK-$16.30), told investors on a conference call on Monday that the the natural gas company’s revised operating and capital budget for 2009 and 2010 could be funded with internally generated cash flow. It is important to note, however, that cash flow from operations and revolving bank credit lines have historically been insufficient to fund all of Chesapeake’s annual expenditures…. Read More….

Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.

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