However, if Chesapeake is not able to develop its shale reserves as expected, there can be a downside to our forecasts.

FORBES: Chesapeake Good For $38 But Faces Big Fracking Headaches

If Chesapeake ever found gas there, Continental would also get royalties.

FORBES: Magazine Article

If Chesapeake really is serious about increasing shareholder value, they are going to have to use free cash flow from operations to reduce their debt load.

FORBES: Shareholders Get Drilled In Chesapeake Energy Recap

First, if Chesapeake does get a credit rating upgrade over the next two years as a result of this plan, it could possibly see a small decrease in the interest rates it needs to pay on future borrowings.

FORBES: Shareholders Get Drilled In Chesapeake Energy Recap

Even if Chesapeake, with its richly quilted patchwork of assets ranging from the Utica (in Ohio) to the Niobrara (in Colorado and Wyoming), did not have onerous capital needs or a recently ousted CEO under SEC investigation, what buyer would take the time, effort, headache and risk to sort through its assets?

FORBES: Chesapeake's JVs Make for One Elaborate Poison Pill

Over the course of 2012, if gas prices were to stay where they are now, Chesapeake would face a cash shortfall of several billion dollars.

FORBES: Chesapeake Energy's New Plan: Desperate Measures For Desperate Times

If you follow the natural gas sector, you might remember that Chesapeake was one of the first in the group to announce plans to scale back production due to plunging prices.

FORBES: Chesapeake Energy Sentiment Favors Contrarians Ahead of Earnings

Chesapeake has moved more swiftly to remaking its board, Nabors may be forced to follow if it continues to ignore its pay critics.

FORBES: Shareholders on the Rampage at Your Annual Meeting: U.S. Proxy Season Foresight