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Strategies & Market Trends : Natural Resource Stocks
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From: isopatch4/7/2020 11:53:20 PM
1 Recommendation

Recommended By
Winfastorlose

   of 108511
 
Surprised company lasted this long! Less than gently encouraged to leave WV years ago. Credible rumors and stories of unethical dealings resulted in nobody around here willing to lease to them.

< What May Lie Ahead for Chesapeake Energy in the Near-Term

4/7/20



click for larger version

In mid-March, MDN brought you the news that Chesapeake Energy had hired “restructuring advisers” to help the company navigate a $9 billion debt millstone hanging around its neck (see Chesapeake Energy Hires “Restructuring Advisers”). We got some blowback at the time for implying restructuring is more-or-less a euphemism for bankruptcy. Fair enough. Sometimes restructuring avoids bankruptcy. But Chesapeake’s stock is now down 99% in value, trading this morning at 17 cents per share. The picture by anyone’s standard is pretty bleak. The company is about to do a reverse stock split to boost the per-share price. What happens next? Can the company stay out of the bankruptcy ditch?>

marcellusdrilling.com
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