Chesapeake Energy Corp (CHK)

[LouisDesyjr]

Doing OK? You're kidding, right?

They had another $2B+ in write offs for the quarter?

For the full year they lost over $14B.

They are going to have to draw on the credit line in order to pay off the bonds and keep operating. They are selling assets, for probably large losses since oil and gas prices are down, to get cash. It would be like ripping up wood from the floors and walls of a house to keep it heated and telling everyone that you are not having any financial problems.

How in the world is that doing ok?

Louis J. Desy Jr.