Chesapeake Energy Corp (CHK)

[LouisDesyjr]

They should stop the drilling program

I think that as long as oil prices recover next year, that they can make it without too many problems, but they need to stop spending money.

The dividend halt is a good first step, but they need to stop all capital spending until oil prices recover, in order to ensure they survive.

If they keep spending money, while they are losing money each quarter, they run the risk at sometime next year they are going to run out of cash.

I think the best option for them would be to merge with a larger company, otherwise I see the stock going down all this year and into next year.

Louis J. Desy Jr.