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re: CHK stock out the roof today, up 146% today

Posted on 6/26/20 at 6:37 pm to
Posted by Kramer26
St. George, LA
Member since Jan 2005
6429 posts
Posted on 6/26/20 at 6:37 pm to
Saw this on another board:

CHK filed to resume production on 24 wells in the PRB yesterday. Production resumed on 6/23.

If true then it sounds like bankruptcy is off the table for now.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 6/27/20 at 12:00 am to
quote:

CHK filed to resume production on 24 wells in the PRB yesterday. Production resumed on 6/23.

If true then it sounds like bankruptcy is off the table for now.


Posted by Enfuego
Uptown
Member since Mar 2009
9898 posts
Posted on 6/27/20 at 1:17 am to
You are crazy! The BK is happening Sunday and the equity value will be zero.
Posted by go ta hell ole miss
Member since Jan 2007
13783 posts
Posted on 6/27/20 at 8:50 am to
quote:

If true then it sounds like bankruptcy is off the table for now.


Companies don’t stop operating when they file bankruptcy. They just reorganize debt and wipeout the shareholders. CHK has no choice. They’ve actually held on much longer than most thought possible.
This post was edited on 6/28/20 at 6:52 pm
Posted by Enfuego
Uptown
Member since Mar 2009
9898 posts
Posted on 6/28/20 at 3:56 pm to
quote:

Saw this on another board:

CHK filed to resume production on 24 wells in the PRB yesterday. Production resumed on 6/23.

If true then it sounds like bankruptcy is off the table for now.


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