Replies to post #12715 on Chesapeake Energy Corp (CHK)

[Taurus69]

$chk and the rest of da story... in kind pro rata distribution of the shares of the Company to the respective partners of these investment funds.

(PRNewsfoto/Chesapeake Energy Corporation)

Chief Executive Officer Doug Lawler commented, "Chesapeake continues to strongly believe our current capital and operating program, coupled with the planned 30% reduction in capital expenditures in 2020, will strengthen the financial position of the company for the long term. We have substantial liquidity with no significant near-term maturities. We continue to pursue strategic levers to reduce debt, including asset sales, capital markets transactions, and focus on cost discipline. Additionally, we are de-risking our cashflows through our hedging program and remain confident in our long-term liquidity."