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Mason Hawkins' Southeastern Asset Management on Chesapeake Energy

May 23, 2012 | About:
Holly LaFon

Holly LaFon

250 followers
Summary: Chesapeake (CHK)’s natural gas assets are the best in the world, which does not mean much to the market right now, but it is still cheap. The big debate is about leadership. Southeastern does not care for the founder’s wealth program. As company grew, it made less sense and potential grew for conflict of interest. Now the company has announced the end of the program and that they will separate the roles of chairman and CEO. There are positives and negatives in partnering with McClendon, and the positives have outweighed the negatives. They believe the best source for energy right now is natural gas and it will be rewarding for long-term shareholders.

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