Chesapeake Energy Corp (CHK)

[LouisDesyjr]

I don't expect Q1 to be too bad

Even though I expect the company to have a bad Q1, I don't think it will be a disaster.

The problem in all of this, is when will NG prices rise to the point where the company makes money, and what condition will the company be in then?

I still find it amazing that the bank did not pull the credit line. If NG prices go no where for a few years, the line will get drawn down over time, and then the bank will be stuck with a mess.

People usually do not go into a bank to get a loan with the line 'I just need a few billion to tide me over until I can earn a little more money'. But that is what we are seeing here.

Louis J. Desy Jr.