Bankruptcy is happening. The company has been warning about it before the virus was an issue last fall. The bankruptcy warnings have become clearer since then. It's insolvent now for all intents and purposes. Why would anyone try to argue against this fact?
Stocks are a risk especially stocks like chk Old saying If the risk is little The reward are little Here’s another positive:
The positive side, Chesapeake may have been able to lock in at h$64+ per barrel oil prices for the rest of the year when they reached that level during the U.S.-Iran crisis at the beginning of the year.
Also natural gas prices could get a boost from higher gas exports at the end of this year or the beginning of next year, if not sooner.
Also important to keep in mind that the company could be rescued by asset sales. Finally (but importantly) CHK yesterday raised its Q4 production guidance and indicated that its free cash flow would be positive in 2020
Are they going BK I don’t think so Look I’ve been watching and some big blocks have been bought but lots of resistance of small sales to keep it down have been sold because many are playing on it bking This is only opinions as all are. Time is moving and still here Best to all
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