Aubrey McClendon, Chairman and CEO of Chesapeake Energy (CHK), continues to be a HUGE buyer of his company's stock + thus HUGE believer/INVESTOR in Natural Gas. For a quick recap on my natural gas investing thesis (Domestic, Abundant and Clean) please refer to my 4/07/08 post titled 'Nat Gas, CHK + A Newfound Renaissance'.Just yesterday (7/17/08), McClendon purchased another 750,000 of his company's shares at $57.25 for a total of $33.4 million !
In total, the bullish CEO has purchased 9.36 million shares of Chesapeake over the past five years !
* McClendon's Purchases over the past 5 years:
2003 --> bought 902,000 shares between $7.35 and $10.35 a share
2003 --> bought 902,000 shares between $7.35 and $10.35 a share
2004 --> bought 909,000 between $13.13 and $14.95
2005 --> bought 3.5 million between $15 and $34
2008 --> has now bought 4.05 million shares between $36 and $59
Data Courtesy: RealMoney.com + Yahoo Finance
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