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nlightn

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nlightn

Re: nlightn post# 231461

Friday, 02/27/2015 11:13:57 AM

Friday, February 27, 2015 11:13:57 AM

Post# of 365676
$CHK,...Chesapeake Energy expects asset writedowns in Q1, 10-K says

Chesapeake Energy (CHK -2.4%) discloses that it expects to write down the value of its oil and gas properties in Q1, with more writedowns in subsequent quarters if prices stay low, according to its latest 10-K filing.

"Based on the first-day-of the-month prices we have received over the 11 months ended February 2015, we expect to have a material writedown in the carrying value of our oil and natural gas properties in the first quarter of 2015," CHK says.

invest at your own risk, based on your own due diligence, at your own risk tolerance

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