Chesapeake Energy Corp (CHK)

[Old Hickory]

Well, management is aggressively working the balance sheet. As long as oil and gas prices rise, the debt issue will get resolved. That may take years!
But, if oil goes to 70 as some project, you can do well buying and holding.

Why?

1. Management is having to clean up the previous managements mistakes (to use a gracious term) and they are executing the plan.

2. The world demand for oil is not going to be reduced in our life time. The entire population of the world wants a car.

3. As the dollar weakens, prices will eventually have to rise. (And the dollar will weaken).

4. They are paying down debt:
Chesapeake Energy Corporation Announces Early Results and Early Settlement Date for Cash Tender Offers for Senior Notes and Senior Secured Second Lien Notes 550,000,000.