Started By
Message

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

Posted on 6/16/20 at 8:29 am to
Posted by lsuguy13
RIP MATT
Member since Mar 2004
9509 posts
Posted on 6/16/20 at 8:29 am to
Thanks Sammy
Posted by hubertcumberdale
Member since Nov 2009
6505 posts
Posted on 6/16/20 at 11:18 am to
quote:

So would you buy put’s?


Bought some july 17 2020 $2.00 puts for $0.31 last week...up to $0.52 today...got up to $0.64 already today, expect another yuge sell off when they formally announce BK later this week or next, according to "Sources"

Absolutely mind boggling the stock went up as much as it did last week considering how financially fricked they are as a company
This post was edited on 6/16/20 at 11:24 am
Posted by Kramer26
St. George, LA
Member since Jan 2005
6404 posts
Posted on 6/18/20 at 7:01 pm to
LINK

Chesapeake Energy's borrowing base slashed

June 18, 2020, 4:19 PM CDT
June 18 (Reuters) - Chesapeake Energy Corp said its borrowing base under a loan agreement was cut to $2.3 billion from $3 billion and its creditors had agreed to waive some defaults.

The company also said in a regulatory filing that it had chosen not to make interest payments of around $10 million due June 15 on some of its notes.
Posted by castorinho
13623 posts
Member since Nov 2010
82017 posts
Posted on 6/18/20 at 7:37 pm to
quote:

The company also said in a regulatory filing that it had chosen not to make interest payments of around $10 million due June 15 on some of its notes.

quote:

it had chosen not to make interest payments
quote:

chosen not to
quote:

chosen
Posted by DaBeerz
Member since Sep 2004
16922 posts
Posted on 6/18/20 at 10:24 pm to
Bought a 100 shares years ago when it was low... somewhere 7ish range ...never thought I’d make it back, but worth a small risk back then
Posted by PotatoChip
Member since May 2014
3482 posts
Posted on 6/18/20 at 10:58 pm to
You will never make it back
Posted by castorinho
13623 posts
Member since Nov 2010
82017 posts
Posted on 6/18/20 at 11:26 pm to
quote:

Bought a 100 shares years ago when it was low... somewhere 7ish range
need it to be, at a minimum depending on when you bought, $1300/share for you to get your most back
So a 10000% gain from here
This post was edited on 6/18/20 at 11:27 pm
Posted by DaBeerz
Member since Sep 2004
16922 posts
Posted on 6/18/20 at 11:51 pm to
Like I said it was a risk, I get a royalty from them From some property interest ... they had taken a huge beaten/dive. 700$ is way less than one day work for me... so potential reward if they made it back Is no big deal. Bad investments happen all the time. Meanwhile I’ve more than tripled my money on shake shack, Netflix, Whole Foods, Wendy’s, garmin, Disney, j/j, etc... buy low/sell high or hold if you got balls
This post was edited on 6/18/20 at 11:53 pm
Posted by go ta hell ole miss
Member since Jan 2007
13623 posts
Posted on 6/19/20 at 7:46 am to
(no message)
This post was edited on 6/19/20 at 7:47 am
Posted by Strannix
District 11
Member since Dec 2012
48900 posts
Posted on 6/19/20 at 9:06 am to
quote:

Lawler’s denouement, in turn, would signal the deep peril facing a shale industry largely built according to McClendon’s blueprint for Chesapeake: amassing incredible debts to pursue aggressive drilling programs that ultimately unearthed too little treasure to reward investors.


Lol this is the opposite of what happened, they unearthed so much treasure it made the treasures value about a tenth of what it was when they started digging, low IQ writer SAD
Posted by hubertcumberdale
Member since Nov 2009
6505 posts
Posted on 6/19/20 at 11:29 am to
They have split and reverse split the stock many many times, i thnk the last reverse split was at a ratio of 200:1 or something like that
Posted by castorinho
13623 posts
Member since Nov 2010
82017 posts
Posted on 6/19/20 at 5:38 pm to
quote:

They have split and reverse split the stock many many times, i thnk the last reverse split was at a ratio of 200:1 or something like that

I included that in my numbers fwiw.
Posted by Kramer26
St. George, LA
Member since Jan 2005
6404 posts
Posted on 6/26/20 at 5:24 pm to
So is Bloomberg gonna put out another fake bankruptcy article?
Posted by castorinho
13623 posts
Member since Nov 2010
82017 posts
Posted on 6/26/20 at 5:26 pm to
:
quote:

So is Bloomberg gonna put out another fake bankruptcy article


But seriously, what exactly is chk waiting for? It's long due
Posted by Kramer26
St. George, LA
Member since Jan 2005
6404 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
54752 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
9882 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
13623 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 PetreauxCat
TX
Member since May 2009
858 posts
Posted on 6/28/20 at 3:19 pm to
Filed today
Posted by Enfuego
Uptown
Member since Mar 2009
9882 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.


MT post of the year!
first pageprev pagePage 3 of 4Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram