Back in 2011, I bought 100 shares of CHK. Kind of a dumb investment. It's largely, until recently, been to the downside since then, and all I've gotten from it is my $9 dividend each quarter.
Anyway, the other day, I check my account and I now own 7 shares of something called "Seventy-Seven Energy". Symbol SSE and trading at this time at $26.70. And it's up nearly 20% since the shares were given to me
Some base research shows that SSE is a spin off of CHK and it looks like SSE was the oilfield operations arm of CHK.
I have two questions.
1) Why was I given these shares? 2) What recommendations does anyone have for what to do with it?
Submitted July 03, 2014 at 10:56AM by burkarm http://ift.tt/1mbNAkm
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