Rumor Mill: Aubrey McClendon Buying Enduring Resources
Reuters is reporting the rumor that Aubrey McClendon, former CEO of natgas behemoth Chesapeake Energy and current CEO of a new startup--American Energy Partners--is close to sealing a deal to buy Enduring Resources. Enduring is a shale driller with active rigs in both Utah and Texas. Rumor has it that the deal values Enduring at $2 billion, which is about how much money Aubrey has raised so far for his drilling program in the Utica Shale.
We told you before and will tell you again--never sell Aubrey McClendon short. Chesapeake (and corporate raider Carl Icahn) will come to rue the day they booted Aubrey out the door. Here's what Reuters says about the rumor...
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