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KING_TRADER$

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KING_TRADER$

Re: KING_TRADER$ post# 5227

Monday, 12/05/2016 10:02:43 AM

Monday, December 05, 2016 10:02:43 AM

Post# of 18930
Chesapeake Energy Corporation is doing an asset sale today to buy back debt. This would reduce cost and improve balance sheet in the long run.

In around May, CEO did a debt for equity swap with the purchase of $165m for around 37m shares of $4.44. The company has reduced the share floats when CHK was dirt cheap and now finding ways to reduce its debt.

CHK - may be a buy out target from a bigger Oil/Energy company with OPEC's oil reduction plans. Anything below the teens would make CHK an easy buy out target IMO. Watch for 17% short squeeze pulling this back up to a market cap of 9b. So far, 41 hedge funds loaded CHK up from 31 hedge funds in the 3Q. GLTYA!
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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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