Chesapeake Energy Corp (CHK)

[LouisDesyjr]

Negative? I think its positive!

I think CHK is doing great based on the 10K report. I mean look at the fantastic numbers they are turning out. They lost $14B last year, suspended the dividend on the preferred, are selling off all kinds of assets in order to meet the March 2016 bond redemption plus they have the opportunity to buy their debt back at a large discount because it looks like they will never be able to pay it off from profits, and they only used a mere $934 million in cash for the quarter. What is there not to like about CHK?

I am going fill my retirement plan with CHK common shares!

On top of that, if they hurry up and draw down the entire credit of $4B they can be floating in cash and stick the bank with every thing, such as how well things are going.

I think the company is doing a fantastic job. If they keep those number up in 2016, maybe they will lose only $8B in 2016 and even make it into 2017 with all kinds of debt and no assets that are worth anything.

The funny thing, is that when (not if) this mess finally goes 'belly up', there will be all kinds of 'how could this ever have happened' or 'I don't see what was wrong'; like one needed to be Nostradamus to see what the outcome was going to be.

Louis J. Desy Jr.