CHESAPEAKE ENERGY CORPORATION UNVEILS NATIONAL CAMPAIGN TO ENCOURAGE SWITCH FROM FOREIGN OIL TO AMERICAN NATURAL GAS IN U.S...

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by multivu | September 5, 2008 at 07:45 am
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CHESAPEAKE ENERGY CORPORATION UNVEILS NATIONAL CAMPAIGN TO ENCOURAGE SWITCH FROM FOREIGN OIL TO AMERICAN NATURAL GAS IN U.S...

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CHESAPEAKE ENERGY CORPORATION UNVEILS NATIONAL CAMPAIGN TO ENCOURAGE SWITCH FROM FOREIGN OIL TO AMERICAN NATURAL GAS IN U.S...
Chesapeake Energy Corporation (NYSE:CHK), the nation's largest natural gas producer and most active driller, announced today that it has initiated a public education campaign called CNG NOW designed to promote the greater usage of America's clean-burning natural gas as a transportation fuel.

CNG NOW is an initiative that sets forth a clear plan to rescue America from decades of dangerous reliance on imported foreign oil and complements the transportation portion of the Pickens Plan announced by T. Boone Pickens earlier this summer.

To view more Multimedia News Release go to, http://www.prnewswire.com/mnr/chesapeakeenergy/34793/

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eastvanray
eastvanray

at 12:32 on September 5th, 2008

This "news" belongs in Biz as it is nothing more than a company news release, not news.

Jarrett Martineau
Jarrett Martineau
flagged this story as Needs Improvement

at 12:37 on September 5th, 2008

multivu, this is a press release and not a news story. For more information on posting to the site, please check out our FAQ. Thanks.

0
eastvanray
eastvanray

at 12:55 on September 5th, 2008

I looked at insider transaction (one of the best trend indicators) on this comapny's stock and the insiders have been peeling off stock like crazy!  I wouild sell if I owned and short if I had no position.  This one looks like it will continue to drop.  Have a look at insider transactions for yourself....from Yahoo.finance:

INSIDER & RULE 144 TRANSACTIONS REPORTED - LAST TWO YEARS

Date Insider Shares Transaction Value*
27-Aug-08 GRIGSBY JENNIFER M
Officer 		2,000 Sale at $50.20 - $50.22 per share. $100,0002
5-Aug-08 JOHNSON MICHAEL A
Officer 		8,125 Option Exercise at $7.80 - $10.08 per share. N/A
5-Aug-08 JOHNSON MICHAEL A
Officer 		1,632 Disposition (Non Open Market) at $44.92 per share. $73,309
15-Jul-08 MCCLENDON AUBREY K
Officer 		750,000 Purchase at $57.25 per share. $42,937,500
9-Jul-08 GRIGSBY JENNIFER M
Officer 		299 Disposition (Non Open Market) at $57.72 per share. $17,258
9-Jul-08 LESTER J MARK
Officer 		2,884 Disposition (Non Open Market) at $57.72 per share. $166,464
9-Jul-08 JACOBSON DOUGLAS J
Officer 		2,621 Disposition (Non Open Market) at $57.72 per share. $151,284
9-Jul-08 HOOD HENRY J
Officer 		2,097 Disposition (Non Open Market) at $57.72 per share. $121,038
9-Jul-08 DIXON STEVEN C
Officer 		2,884 Disposition (Non Open Market) at $57.72 per share. $166,464
9-Jul-08 BURGER MARTHA A
Officer 		2,097 Disposition (Non Open Market) at $57.72 per share. $121,038
9-Jul-08 JOHNSON MICHAEL A
Officer 		1,573 Disposition (Non Open Market) at $57.72 per share. $90,793
9-Jul-08 ROWLAND MARCUS C
Officer 		3,670 Disposition (Non Open Market) at $57.72 per share. $211,832
3-Jul-08 GRIGSBY JENNIFER M
Officer 		479 Disposition (Non Open Market) at $66.78 per share. $31,987
3-Jul-08 LESTER J MARK
Officer 		4,719 Disposition (Non Open Market) at $66.78 per share. $315,134
3-Jul-08 JACOBSON DOUGLAS J
Officer 		4,719 Disposition (Non Open Market) at $66.78 per share. $315,134
3-Jul-08 DIXON STEVEN C
Officer 		6,292 Disposition (Non Open Market) at $66.78 per share. $420,179
3-Jul-08 JOHNSON MICHAEL A
Officer 		2,097 Disposition (Non Open Market) at $66.78 per share. $140,037
3-Jul-08 ROWLAND MARCUS C
Officer 		6,292 Disposition (Non Open Market) at $66.78 per share. $420,179
3-Jul-08 HOOD HENRY J
Officer 		3,146 Disposition (Non Open Market) at $66.78 per share. $210,089
3-Jul-08 BURGER MARTHA A
Officer 		3,146 Disposition (Non Open Market) at $66.78 per share. $210,089
2-Jul-08 ROWLAND MARCUS C
Officer 		5,250 Disposition (Non Open Market) at $0 per share. N/A
2-Jul-08 GRIGSBY JENNIFER M
Officer 		1,118 Disposition (Non Open Market) at $69.40 per share. $77,589
2-Jul-08 LESTER J MARK
Officer 		4,981 Disposition (Non Open Market) at $69.40 per share. $345,681
2-Jul-08 JACOBSON DOUGLAS J
Officer 		5,034 Disposition (Non Open Market) at $69.40 per share. $349,359
2-Jul-08 DIXON STEVEN C
Officer 		6,816 Disposition (Non Open Market) at $69.40 per share. $473,030
2-Jul-08 JOHNSON MICHAEL A
Officer 		2,359 Disposition (Non Open Market) at $69.40 per share. $163,714
2-Jul-08 ROWLAND MARCUS C
Officer 		6,816 Disposition (Non Open Market) at $69.40 per share. $473,030
2-Jul-08 HOOD HENRY J
Officer 		3,408 Disposition (Non Open Market) at $69.40 per share. $236,515
2-Jul-08 BURGER MARTHA A
Officer 		3,408 Disposition (Non Open Market) at $69.40 per share. $236,515
1-Jul-08 GRIGSBY JENNIFER M
Officer 		319 Disposition (Non Open Market) at $67.36 per share. $21,487
1-Jul-08 GRIGSBY JENNIFER M
Officer 		18,000 Acquisition (Non Open Market) at $0 per share. N/A
1-Jul-08 LESTER J MARK
Officer 		3,565 Disposition (Non Open Market) at $67.36 per share. $240,138
1-Jul-08 LESTER J MARK
Officer 		43,000 Acquisition (Non Open Market) at $0 per share. N/A

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Jarrett Martineau
First Flagged at 12:37 PM, Sep 5, 2008 by Jarrett Martineau
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