"... by year-end 2015 ... the value of our company should be north of $75 billion".
—CEO AKM
Excuse me, sir, but the market cap is $2.4 billion. It almost seems subliminal to look back into history to see failed vision on such a massive scale.
4 replies (most recent on top)
Sorry Scooter is busy shinning a knob
but don't forget... AKM and his board and his executives DID profit and still living large. It was always about AKM. He didn't ever have to buy a lottery ticket and still does not the way he does business. Gotta hand to the guy though... he was miles ahead of everyone in his business antics and knowing the loopholes. Unfortunately for me and many other "oilies"... he will give this industry a bad name forever. I will never lease with a AKM Company or one of his subsideraries or CHK for that matter... CHK is still ripping RI and ORRI owners off big time... so my lease will say you can never assign to any of those criminals ever. CHK has been doing it so long they don't even know how to fly right. They still hold the Class actionmoney from the Beaver Co. lawsuit in suspense for 8000 accounts. Their claim is they are changing DO software. Lock all of them up. Bring in new guns and fly it right.
Same thing happened back in the 80s. Those in the O&G biz thought the good times would never end. It was all about living the high life, then the rug got pulled out. Same thing happened here with CHK and others. The survivors will be those companies who took a conservative approach to market fluctuations. That will not apply to CHK, because of AKM and his flamboyant, reckless spending habits. That's what drove this company into the ground. Greed kills!
Was scooter around during that time? By the way anyone seen Scooter?