I found this today-does anyone know why Chesapeake has taken such a strong insterest in this stock?
They have actually been divesting in CLNE as CHK needed to raise cash. Pickens and partner bought most of their holdings. Not sure what you are looking at.
You are right. CHK has been divesting in CLNE. They are in process of reducing debt.
I was just curious as to why CHK would invest, due to the fact they have other natural gas pipelines.
Not unusual for large suppliers to take a large stake in the large middleman/distributor. Often they merge. CHK will definately want stay close to CLNE.
Ok- Thanks for the reply. There is such banter with Littefair and Harrison with insider buys, I wasn't sure if this had any relation.