Drillbits

Yeah, I'm a Believer

One might consider Aubrey McClendon, President and founder of Chesapeake Energy as someone in the know about the Marcellus play. Since January of this year, he has individually purchased over $80mm in CHK common stock. The notable purchases were:

Jan 22-25th - 500,000 shs; Feb 26-29th - 600,000 shs; March 5-6th 500,000 shs; April 2 - 500,000 shs.

These were not option related buys, rather, they were outright, open market buys. Prices ranged from $35.87-$45.91/share. His current holdings now stand at 31.2 mm shares. CHK's current price is $56.25.