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lsuguy13
LSU Fan
Laffy; Friend of Bill
Member since Mar 2004
9118 posts

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


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hubertcumberdale
LSU Fan
Member since Nov 2009
2190 posts

re: CHK stock out the roof today, up 146% today
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 at 11:24 am


Kramer26
LSU Fan
St. George, LA
Member since Jan 2005
6081 posts

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


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
67920 posts
 Online 

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


DaBeerz
LSU Fan
Ellic
Member since Sep 2004
13367 posts

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


PotatoChip
LSU Fan
Member since May 2014
1640 posts

re: CHK stock out the roof today, up 146% today
You will never make it back


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
67920 posts
 Online 

re: CHK stock out the roof today, up 146% today
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 at 11:27 pm


DaBeerz
LSU Fan
Ellic
Member since Sep 2004
13367 posts

re: CHK stock out the roof today, up 146% today
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 at 11:53 pm


go ta hell ole miss
New York Yankees Fan
Member since Jan 2007
8179 posts

re: CHK stock out the roof today, up 146% today
(no message)
This post was edited on 6/19 at 7:47 am


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Strannix
Stephen F. Austin Fan
President Donald J. Trump
Member since Dec 2012
27789 posts

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


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hubertcumberdale
LSU Fan
Member since Nov 2009
2190 posts

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


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
67920 posts
 Online 

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


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Kramer26
LSU Fan
St. George, LA
Member since Jan 2005
6081 posts

re: CHK stock out the roof today, up 146% today
So is Bloomberg gonna put out another fake bankruptcy article?


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
67920 posts
 Online 

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

So is Bloomberg gonna put out another fake bankruptcy article


But seriously, what exactly is chk waiting for? It's long due


Kramer26
LSU Fan
St. George, LA
Member since Jan 2005
6081 posts

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


cwill
Member since Jan 2005
44452 posts

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




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30
Enfuego
Tulane Fan
Nola
Member since Mar 2009
9580 posts

re: CHK stock out the roof today, up 146% today
You are crazy! The BK is happening Sunday and the equity value will be zero.


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go ta hell ole miss
New York Yankees Fan
Member since Jan 2007
8179 posts

re: CHK stock out the roof today, up 146% today
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 at 6:52 pm


PetreauxCat
LSU Fan
TX
Member since May 2009
843 posts

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


Enfuego
Tulane Fan
Nola
Member since Mar 2009
9580 posts

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


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