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Mason Hawkins Comments on Chesapeake

August 13, 2013 | About:

Our participation in overhauling the Chesapeake (CHK) board last year is paying off. The stock has gained 23% YTD and is the Fund's largest holding. During the second quarter, Doug Lawler, who was formerly a Senior Vice President and on the Executive Committee at Anadarko Petroleum, became CEO of CHK. His compensation aligns his interests with shareholders. He is committed to increasing oil production, lowering operating costs, and reducing debt to extract value from CHK's strong set of assets.

From Mason Hawkins' semi-annual 2013 report.

Rating: 3.3/5 (3 votes)

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