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LouisDesyjr

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LouisDesyjr

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Thursday, 02/18/2016 1:28:34 PM

Thursday, February 18, 2016 1:28:34 PM

Post# of 18930
Cramer doesn't think bankruptcy is likely

http://www.thestreet.com/story/13463730/1/jim-cramer-chesapeake-energy-chk-is-doing-their-best-bankruptcy-unlikely.html?puc=yahoo&cm_ven=YAHOO

Chesapeake Energy Corp. (CHK - Get Report) stock has "struggled mightily" due to the lowest natural gas prices in 12 years,



Chesapeake "bought time" by committing to those payments, Cramer said.

Though Chesapeake declaring bankruptcy is unlikely, the company will still be hurt by the oversupply of natural gas and lower prices, Cramer continued.



Louis J. Desy Jr.

Disclosure: I own CHK puts
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