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Started By
Message
Chesapeake Energy
Posted on 2/11/16 at 8:55 am
Posted on 2/11/16 at 8:55 am
I have $3,300 in my Roth. Would anyone buy CHK right now?
11
Posted on 2/11/16 at 8:57 am to krehn11
All of it.
Posted on 2/11/16 at 9:02 am to krehn11
no. stay away
Posted on 2/11/16 at 9:49 am to krehn11
quote:
$3,300
If that is all you hvae for retirement you need to stick to less risky plays.
Posted on 2/11/16 at 9:52 am to krehn11
Wait for now. If it gets a small boost and looks like it might squeeze, go in.
Posted on 2/11/16 at 10:12 am to krehn11
$3,300 might get you majority ownership at this point.
Posted on 2/11/16 at 10:49 am to krehn11
No...probably just as good of a chance for it to go out of business as it is to make it through
Posted on 2/11/16 at 11:11 am to krehn11
I say sit back and watch them burn. And laugh. Don't forget the laughing part.
Posted on 2/11/16 at 11:23 am to krehn11
quote:
I have $3,300 in my Roth. Would anyone buy CHK right now?
With your money? Sure.
Posted on 2/11/16 at 11:32 am to JamalSanders
quote:
If that is all you hvae for retirement you need to stick to less risky plays.
Thanks for your input, boss. But no, that is not all I have for my retirement. I would have specified if so.
For some of you with sarcastic responses:
Because it is a Roth, I would love an opportunity for great tax-free growth and was wondering if this would be a good buy when it is this low.
This isn't the OT...I would expect to have a legit discussion.
This post was edited on 2/11/16 at 11:35 am
Posted on 2/11/16 at 11:35 am to krehn11
quote:
Because it is a Roth, I would love an opportunity for great tax-free growth and was wondering if this would be a good buy when it is this low.
No. Much safer plays available that will double your money.
Posted on 2/11/16 at 11:41 am to krehn11
quote:
I would love an opportunity for great tax-free growth and was wondering if this would be a good buy when it is this low.
I would look at any of the majors before Chesapeake. They are in the red big time and may not be able to pay off their debt if prices remain low over time. McClendon made himself a very rich man while screwing over his company. By all accounts, he is worthy of jail time.
This post was edited on 2/11/16 at 11:44 am
Posted on 2/11/16 at 11:46 am to krehn11
Just my two cents that CHK will not survive this oil crunch without a bankruptcy reorganization.
Posted on 2/11/16 at 11:52 am to LSURussian
Thanks, everyone - I appreciate your input.
Posted on 2/11/16 at 12:26 pm to krehn11
Why not just dump it in something like BP that is down pretty big but should withstand the storm for awhile?
Posted on 2/11/16 at 3:18 pm to stevengtiger
quote:
I would look at any of the majors before Chesapeake. They are in the red big time and may not be able to pay off their debt if prices remain low over time.
this
Posted on 2/11/16 at 3:39 pm to barry
quote:
No. Much safer plays available that will double your money.
Who would be some safe plays to double his money?
Or is anything oretty much a safe play bc they probably wont make it out?
Posted on 2/11/16 at 4:25 pm to mikeytig
quote:
quote:
I would look at any of the majors before Chesapeake. They are in the red big time and may not be able to pay off their debt if prices remain low over time.
this
I'm in agreement with pretty much everyone here. Worked on some of their loans several years back when they were over leveraging with $100 barrel oil
Posted on 2/11/16 at 7:12 pm to krehn11
If you want to take a huge risk put it all in an oil etf, like USO.
Posted on 2/12/16 at 12:39 pm to vuvuzela
Oil is up big today and chk is down 6%
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