Chesapeake Energy Corp (CHK)

[LouisDesyjr]

CHK is dead. It is all over.

CHK is dead. From the Sept 30, 2015 financials, equity was around $4 billion. The company is losing over $4 billion per quarter from all of the write offs. Since then, one quarter has passed plus another month have gone by, so we can expect what little equity has been lost, plus they are probably one billion or more 'in the hole', and sinking by a billion or more every month.

It is all over for the common shares. Bankruptcy will be within a matter of weeks and the common shares wiped out. The longer it is delayed, the worse it will get for the unsecured liabilities.

Louis J. Desy Jr.