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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CHK
News
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target raised by analysts at Wells Fargo & Company from $77.00 to $83.00. They now have an "equal weight" rating on the stock.MarketBeat
- Chesapeake Energy and Southwestern Energy Complete Merger and Provide Third Quarter Earnings Conference Call Information, Company Rebranded as Expand EnergyGlobeNewswire
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target lowered by analysts at Truist Financial Co. from $108.00 to $96.00. They now have a "buy" rating on the stock.MarketBeat
- Deals this week: Chesapeake, Visa, KKR, Mondelez and more [Seeking Alpha]Seeking Alpha
- Chesapeake Energy Co. (NASDAQ: CHK) was upgraded by analysts at Roth Capital to a "strong-buy" rating.MarketBeat
CHK
Earnings
- 7/29/24 - Miss
CHK
Sec Filings
- 11/21/24 - Form FWP
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- CHK's page on the SEC website