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Started By
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Restructuring At Chesapeake Energy Brings Hope And Risks
Posted on 7/4/20 at 10:32 am
Posted on 7/4/20 at 10:32 am
Market Summary > Chesapeake Energy Corporation
OTCMKTS: CHKAQ
Follow
4.69 USD +0.16 (3.53%)
Closed: Jul 2, 4:26 PM EDT · Disclaimer
After hours 4.70 +0.0100
Five years ago Chesapeak Stock was trading at $2,200.00 a share, today $4.69, you have to think it will bounce back (not to thousands but maybe hundreds) LINK
OTCMKTS: CHKAQ
Follow
4.69 USD +0.16 (3.53%)
Closed: Jul 2, 4:26 PM EDT · Disclaimer
After hours 4.70 +0.0100
Five years ago Chesapeak Stock was trading at $2,200.00 a share, today $4.69, you have to think it will bounce back (not to thousands but maybe hundreds) LINK
5
Posted on 7/4/20 at 11:15 am to The Torch
quote:I don't have to think that at all
you have to think it will bounce back (not to thousands but maybe hundreds)
Posted on 7/4/20 at 11:16 am to The Torch
quote:
Five years ago Chesapeak Stock was trading at $2,200.00 a share, today $4.69
I think there were some reverse splits in there to keep it from being a fractional penny stock.
I followed CHK for a while. CHK has a fairly interesting corporate history culminating with McClendon suiciding himself into the underpass of highway or interstate. They leassed up all kinds of stuff at the height of crude/NG prices back in 10/11 and then it all came crashing down.
This post was edited on 7/4/20 at 11:17 am
Posted on 7/4/20 at 11:41 am to rmc
quote:right. But the 2200 reflects that
I think there were some reverse splits in there to keep it from being a fractional penny stock.
Posted on 7/4/20 at 11:42 am to The Torch
quote:
All equity interests in the company will be cancelled, with the holders of the equity receiving nothing in return. Given the firm’s high leverage, this isn’t all that surprising, but it’s not always the case that investors get nothing. Sometimes they will receive warrants or the ability to participate in the rights offering. Once in a great while, they will receive direct ownership over a minority of the company. None of this is happening in Chesapeake’s case though.
what happened with the CHK shares that were outstanding? Did they all go to zero? Did all the RHers get out?
LOL
Posted on 7/4/20 at 12:10 pm to The Torch
There is also a motto on wall street, I think it is the bigger fool theory You may want to look it up. LOL
Posted on 7/4/20 at 1:58 pm to The Torch
Oil market is over supplied at $40 a barrel. Very few if any US Shale companies can survive sub $60 for a year or two. I’m expecting CHK to be filing for bankruptcy again in a year or two.
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