Chesapeake Energy Corp (CHK)

[LouisDesyjr]

CHKAQ - value verses trading

At the end of the whole Chap 11 process, CHKAQ will go to zero; the shares will be delisted and stop trading the moment the time period ends to file an appeal on the approved reorganization plan. The various levels of debt will recover some amounts, the difference preferred shares will all probably recover nothing since the not all of the debt is going to recover 100%.

BUT until that happens, the common shares will probably have wild swings as other people, and Robinhood trades, pile into the stock and trade it like it is going to have some value in the end.

One of the things keeping the share price up is the 1:200 reverse split the company did a little while ago. Outstanding shares is not only around 9 million or so, but in the end all of these shares will be worthless when the plan is confirmed and the shares stopped trading.

Louis J. Desy Jr.