Chesapeake Energy Corp (CHK)

[LouisDesyjr]

10K report for 2015, not all bad

The good part is that equity was not wiped out with write offs, as I had expected.

http://www.chk.com/media/news/press-releases/Chesapeake+Energy+Corporation+Provides+2016+Guidance+And+Reports+2015+Full+Year+And+Fourth+Quarter+Financial+And+Operational+Results+2+24+2016+

https://finance.yahoo.com/news/going-bad-worse-chesapeake-124614397.html


The bad is that the cash level is a little lower than I expected, with a little over half of the cash 09-30-2015 spent. This is somewhat in line with my earlier posts in that I expect the $1.7 billion in cash from 09-30-2015 to be gone by the end of Q1 2016. (I expect that the line of credit or asset sales will provide cash after 03-31-2016 to keep the company in business.)

While the results are not as bad as I thought they would be, since equity is still positive, the cash is being spent at a slightly higher rate than I expected, which is as bad.

Louis J. Desy Jr.