By Jody Chudley After a 30-year run, Chesapeake Energy has declared bankruptcy. Common shareholders are going to get nothing… or next to nothing.
It is a sad demise for what was once one of the most exciting companies in the market.
From the very start (and until the very end), Chesapeake had been the poster boy for the natural-gas-from-shale revolution… roaring out of the gate and whimpering to the finish.
Shale gas started with so much promise for growth, but it has turned into one of the worst stories of shareholder wealth destruction in history.
I’ve watched Chesapeake and the shale boom closely from the very beginning, …read more
