InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,102.38
(
1.07%
)
US TECH 100
17,242.80
(
1.56%
)
Dow Jones
38,249.28
(
0.43%
)
Brent Oil
88.42
(
0.30%
)
Bitcoin
63,545.04
(
-1.46%
)
Post# of 376163
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

AD

Send PM Follow Ignore
Followers 66
Posts 39244
Boards Moderated 0
Alias Born 07/10/2002

AD

Re: None

Friday, 05/11/2012 7:28:18 PM

Friday, May 11, 2012 7:28:18 PM

Post# of 376163
CHK 7:20 PM And now to the rescue: Chesapeake Energy (CHK) says it's gotten a $3B unsecured
loan from Goldman Sachs and Jefferies Group, to be repaid from those 2012 asset sales.

[Energy, Breaking News]
5:15 PM The latest sign Chesapeake (CHK) could be in a death spiral: It's damned if it does (sell
the assets it needs to sell) and damned if it doesn't (earlier). When natural gas prices were high,
CHK was able to aggressively raise money from asset sales to keep drilling in new areas and bring down
debt. But with prices near decade-lows, a change in strategy may be necessary, Phil Weiss say

"People with small minds talk about other people. People with average minds talk about events. People with great minds talk about ideas"

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up