Chesapeake Energy Corp (CHK)

[Kallie]

I played the blame game too. Barkley didn't do this the company did its a deep hole to dig out of and I am not saying they won't be able to. The problem is the share price is going to reflect the toxic shares and there is nothing anyone can do about it. They are swimming against the current right now and have a lot of twists and turns to maneuver through.

They are obviously trying to do the best they can but the debt that was racked up is taking a toll on the share price and the company's future. Hopefully natural gas goes up and they can get some of this paid off during that time.

Raising the A/S is not a good sign watch level 2 you can see all the selling people are reluctant to get in now with all of this not much bid support. They lost the subsidies that is going to hurt them as well.
Just trying to be real here this is considered a very risky play. I got out late last week @3.90 I couldn't take it anymore slowly declining and look at the price today.

Look at the reality here its easy to see whats happening. You need to look at both good and bad, not just what you consider good.