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Actionable news in CHK: CHESAPEAKE ENERGY Corp,

Chesapeake Energy Is Fine

The $1 billion Chesapeake Energy (CHK) CDS (credit default swap) purchase in late September will end up worthless. Bet along with Chesapeake’s CEO. He bought millions of dollars worth of the stock.

Chesapeake’s CEO invested $6.6 million more in the company, which signals the company will not face bankruptcy or defaults anytime soon. The CDS may simply...