I agree, the CEO situation over using the wells as collateral isn't going over very well. The nat gas prices and shutting in wells isn't really positive either. In the same token, CHK is still a good company. If you drive on the interstate in Western OK, northern Texas, CHK trucks are everywhere. How much of this negativity has been priced in?
From a technical point of view, stocks seldom go straight down, bottom out and reverse. They drop, consolidate, then go up. It usually takes a while. CHK will likely do the same but an initial bounce from the falling knife is likely.
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