18.12.2008 - Price bust, credit crunch weaken monoliths
From Marketwatch.com: Record volatility in the commodities and credit markets is roiling the energy sector, turning once-stellar but highly-leveraged performers into potential takeover targets in what is poised to become a new wave of consolidation in the industry. Chesapeake Energy Corp. is a textbook example. At the height of the bull market for commodities over the summer, the Oklahoma City-based natural gas company stood tall among giants in the energy business, with its market cap at $33 billion and the stock nearly $60 a share. .... Full Article: Source