Drillbits

Hey Aubrey, Backup the Truck Will Ya?

According the Dow Jones Newswire, Aubrey McClendon, Chairman and Chief Executive Officer of Chesapeake Energy purchased another 600,000 shares of CHK last Friday to increase his personal holdings to 31.8 million shares. Prices per share for this $31.7 million investment ranged from $52.64 to $53.44. Updating our Drillbits missive of May 9th; so far, in 2008, Aubrey has individually invested over $120 million in CHK common stock to purchase 2.7mm shares.