InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,614.62
(
0.67%
)
US TECH 100
20,100.80
(
0.95%
)
Dow Jones
39,480.86
(
0.48%
)
Brent Oil
84.73
(
0.04%
)
Bitcoin
57,635.85
(
-0.66%
)
Post# of 18930
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

LouisDesyjr

Send PM Follow Ignore
Followers 48
Posts 2095
Boards Moderated 0
Alias Born 02/08/2011

LouisDesyjr

Re: None

Wednesday, 02/10/2016 2:47:25 PM

Wednesday, February 10, 2016 2:47:25 PM

Post# of 18930
Its over March 15, 2016 - BK and common wiped out

http://www.zerohedge.com/news/2016-02-10/if-chesapeake-does-not-go-bankrupt-just-over-one-month-could-be-trade-year

There is no logical reason to pay off the bonds, when they mature on March 15, 2016; and they are not going to be able to 'roll over' the bond issue with another bond issue.

I expect the company will file Chapter 11 on or before March 15, 2016; and the common shares will be wiped out since stockholders equity is probably negative already.

Louis J. Desy Jr.


Disclosure: I own March 18, 2016 $1.00 put options.
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
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Detailed Quote
Recent CHK News
More CHK News
InvestorsHub NewsWire

FEATURED ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • Jul 10, 2024 8:30 AM

Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM

Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM

Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM

Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM

EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM

Start posting your company's news
Only $200 per official company press release!