Chesapeake nearing collapse as options shrink for dealing with massive debt [Seeking Alpha]
Chesapeake Energy Corporation (CHK)
Last chesapeake energy corporation earnings: 2/26 07:00 am
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Source: Seeking Alpha
Energy Chesapeake nearing collapse as options shrink for dealing with massive debt Feb. 26, 2020 10:30 PM ET | Chesapeake Energy Corporation (CHK) Carl Surran Chesapeake Energy's (NYSE: risky survival strategy reverse stock split "Our price target on this is zero," says Tudor Pickering Holt director of exploration and production Sameer Panjwani. "Everyone is concerned with the debt load here. You either have to sell assets, which in this market is pretty tough to do, or you have to generate free cash flow, which they're not doing well in this environment. They're backed into a corner." Chesapeake shares sank 30.5% to $0.31/share, the lowest close since the company went public in 1993. At the same time, the company's second-lien bonds due in 2025 fell to ~$0.66 on the dollar, well below their face value of 100 when sold in December. Credit derivatives traders are pricing in the likelihood of a Chesapeake default in the next five years, with the cost to insure $10M of debt in the cr
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News
- Chesapeake Energy Corporation (NASDAQ:CHK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target lowered by analysts at Benchmark Co. from $107.00 to $93.00. They now have a "buy" rating on the stock.MarketBeat
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target raised by analysts at Mizuho from $100.00 to $101.00. They now have a "buy" rating on the stock.MarketBeat
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target raised by analysts at Stephens from $116.00 to $117.00. They now have an "equal weight" rating on the stock.MarketBeat
- CHESAPEAKE ENERGY CORPORATION REPORTS FIRST QUARTER 2024 RESULTS [Yahoo! Finance]Yahoo! Finance
CHK
Earnings
- 4/30/24 - Miss
CHK
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/26/24 - Form ARS
- CHK's page on the SEC website