Chesapeake Dropped By T. Boone Pickens

Chesapeake Energy Corporation (NYSE:CHK) has seen one of the biggest supporters of its business sell off his stock in the company. T. Boone Pickens has sold close to half a million shares in the past six weeks. He no longer has any shares in the company. The company opened at 14.98 this morning and was slightly up in  early morning trading.

Pickens has been an ardent supporter of the natural gas industry for the last decade. He was one of the most vocal and public proponents of the position that the energy source offers a viable alternative to Middle Eastern Oil. His recent...