Chesapeake Energy Corp (CHK)

[ogbull]

heather, the key word in the malicious statement is:

"Chesapeake Energy accounts for 18 percent of Williams Companies’ EBITDA, and the analyst expects an impact of $400 million from a potential Bankruptcy." It's like saying the Super Volcano under Yellowstone National Part could potentially blow up and kill half the US Population. It just one more tactic of the lying bastards in the stock trading business.

Williams and Chesapeake are important partners; they need each other.

This is taken from WMBs earnings call link:

Sharon Lui, Wells Fargo Securities:

"Okay, great. And any update in terms of negotiations with Chesapeake on the rates?"

Alan Armstrong, Williams President & CEO answered:

"Sharon, I'll take that. I would just tell you that we continue to work hard with them to look for win-win opportunities. And again, we're pleased to get to do that with Chesapeake and consider them a very big and important customer. So we're always looking to find win-wins. We don't have anything specific to report on this quarter, however."

Williams ain't worried about Chesapeake and neither should we.