Thursday, October 9

Peaking in on Chespeake

Perhaps I should let this go at some point, but take a gander at Chesapeake Energy's stock performance since July of this year:




In case you can't make out the figures, the stock value has gone from a high of $70.24 in early July to a low of $17.71 at closing today. That's a loss of $52/share, which, if you have 34,000,000 shares like some people do, in the last three months your net worth has declined by the sum total of $1,768,000,000.

Yes, nearly 2 billion dollars. Or, put another way, in the time it took the Sonics to relocate to Oklahoma City and play their first game, Aubrey McClendon lost the equivalent of the GDP of Zimbabwe.

9 comments:

Alan said...

Somehow, I'm not moved to tears.

Could he lose some more money?

panther oat said...

Nuss, I want to thank you for providing some much-needed economic news that makes me happy.

Camp said...

suck it Aubrey. I will feast on their failure at every turn. The bucks beat the okc blunder. Where is clay's bad news? david stern has a gal stone? hope so

AK1984 said...

With $2,000,000,000 at my disposal, I'd buy some $1,000 bills off of Ebay from collectors.

http://tinyurl.com/3u8gcw

Upon purchasing a few '30s-era Cleveland's, I'd roll those old greenbacks up and videotape me smokin' 'em like an arrogant rapper. Afterward, that footage would be posted up on YouTube in an act of pure jackassery.

Fuck, even though it's illegal to burn money, it's proven that you can get away with shit if you're rich as hell.

nuss said...

Yes, Alan, apparently it is possible he could lose some more money.

As of 11:36 PT on Friday, Chesapeake was off $5.31 for the day, a one-day drop of almost 30% in the stock's value.

Or, put another way - Aubrey lost about $150 million before I even started work this morning.

Dave said...

You've just made the difference. Its going to be a good Friday! Here's to karma and the awesome feeling it gives me! :)

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