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Monday, February 15, 2016 11:32:31 PM
That may work, or it may not. In any case, Chesapeake Energy's reassurance to investors that the company does not pursue bankruptcy has had the opposite effect.
This has added to rampant speculation that bankruptcy may be the only alternative for the company if a debt restructuring fails.
This could mean little to no common equity left. It likely will make for some good trading opportunities but possibly not before the bottom falls out further.
Purely My Own Opinion. Do Your Own Due Diligence.
“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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