Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Although this will be challenging in the short term, it may be an opportunity for large American companies to acquire assets. Moreover, there are numerous tranches of debt on CHK’s balance sheet. The author shows that CHK’s massive $9 billion in debt will likely not be able to be handled by the company in 2021. TheStreet Ratings updates stock ratings daily. 225 Liberty Street, 27th Floor, New York, NY 10281. As of this writing, Mark Hake, CFA does not hold a position in any of the aforementioned securities. Despite Chesapeake’s futures hedging for 2020, its debt maturities in 2021 will cause problems. That equity spike had to come back to earth. 430.00. The board will decide the actual amount. Don’t be fooled about this. The issue is not CHK's debt, but whether it can service the debt, and the company's robust hedge book and the recent uptrend in natural gas pricing CHK show that it should be. Please keep your posts on topic because your message(s) will probably be deleted when: The company is scheduled to report 2015 fourth quarter financial results before the market open Wednesday. NYSE Updated Jun 30, 2020 7:59 PM

Quatar Petroleum is expected to make a final investment decision on a liquified natural gas facility near Sabine Pass, Texas. Powered and implemented by FactSet Digital Solutions Group.

So be careful about this. Quotes delayed at least 20 minutes for all exchanges. NEW YORK (TheStreet) -- Chesapeake Energy (CHK) - Get Report stock soared by 19.50% to $2.39 in Monday's trading session after financial blog Seeking Alpha argued that the company is a "prime takeout candidate.". It is no magic wand that will push the stock higher, although that often occurs. This will be the price for letting go or loosening the debt structure presently strangling Chesapeake Energy.

The market is disconnected from reality. Then the price of oil tanked even further, as we know. * In nearly every market cycle, speculation in low-quality, virtually valueless and literally bankrupt stocks, marks a market top * Statewide "shelter at home" orders coupled with the Fed's liquidity injections and commission-free trading (on most p... We have reached peak 'Greater Fool Theory' -- and here's how to move forward. And the bubble bursts: Chesapeake Energy Corporation reopens -70% just now. It has little chance of working its way to paying it down without a restructuring. The data does update after 90 days if no rating change occurs within that time period. CHK focuses on discovering and developing large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. 0.00, 7.77 / Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D. Chesapeake Energy's weaknesses include its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Chesapeake Energy (CHK) stock surged today on buyout speculation. Southwestern Energy: A Misunderstood Natural Gas Producer, Cooler weather outlook lifts natural gas prices, Andrew Left Is Wrong, Peloton Is Not GoPro Or FitBit (Also, 2 Stocks That I Got Wrong), Natural Gas: Year-Over-Year Weather Comparisons Turning Favorable, Many more energy writeoffs likely following Chevron $10B-plus charge, 0.00 / Action Alerts PLUS is a registered trademark of TheStreet, Inc.

Natural gas related companies offer much better plays for alternatvie-fuel minded investors. This is a turnaround play that is highly likely to not turn around. In effect, shareholders will have to make room for debt holders in the common stock capitalization table. CHK 4.90 11.48 (70.08%). After two days of an upward breadth thrust - we have reverted to a 4-1 negative imbalance of declining issues over advancing issues. For example, with a 1 for 50 reverse split, every existing 50 shares will receive one new share of CHK stock.

Things may pick up in the afternoon -- here is how to play it and what sectors to be wary of. At that time CHK stock was trading for just 30 cents per share. © 2020 TheStreet, Inc. All rights reserved. These 3 stocks continue benefit from the misplaced pessimism of energy sector shorts. More importantly ... Hertz and Chesapeake remind me of the time I bought a bunch of common stock of Memorex-Telex -- and you can guess how that played out. Market Data & Company fundamental data provided by FactSet. You can view the full analysis from the report here: CHK. Here is the bottom line: be very careful with CHK stock. Bloomberg also recently chronicled Chesapeake Energy’s attempt at the end of February to raise even more debt to work out of its situation. Little did they know that oil prices, then down 40% from their peak, would continue to crater. Jun 29, 2020 08:16 AM Form 8-K CHESAPEAKE ENERGY CORP For: Jun 28 View All Articles Jun 29, 2020 06:10 AM Chesapeake Energy (CHK) Commences Voluntary Chapter 11 Process

If a trillion dollar package were to happen, here are the companies -- and communities -- who would benefit most. Chesapeake made a big bet on finding oil in Wyoming’s Powder River Basin using fracking. WPX Energy (WPX) to Post Q4 Earnings: What's in the Offing? Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Show full articles without "Continue Reading" button for {0} hours. Follow Real Money's Wall Street Pros to receive real-time investing alerts. TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Hong Kong will have its own tech quartet as of next Thursday; Asian shares don't have the same euphoria as U.S. stocks (yet), and that's a good thing. This is not a huge turnaround play. Debt holders will likely demand not only majority control but likely supermajority control. The 'don't fight the Fed' Bulls are going head-to-head with the 'sell the news' bears. 7 Restaurant Stocks to Buy for a Big Rebound. However, if no rating change occurs, the data on this page does not update. The author shows that CHK’s massive $9 billion in debt will likely not be able to be handled by the company in 2021.

Chesapeake had over $9.4 billion of debt on its balance sheet as a result of these developments. Short-sellers are pointing to a big risk for Tesla investors and an opportunity for traders.

However, the stock has rallied about 48% during five straight trading sessions, as the company plans to pay down $500 million of debt maturing next month, Bloomberg reported. Today it is just seventeen cents. Like us on Facebook to see similar stories, Oregon becomes first state to decriminalize small amounts of drugs, including heroin, Chipotle struggles with staffing as coronavirus cases rise. This will also make operating without a restructuring solution very difficult. Chesapeake Energy (NYSE:CHK) is likely headed towards bankruptcy. Energy can be a volatile place to put your money, so here are some points to look out for with natural gas.

If they didn't move after the Middle East burned, I don't know what they will do if the economy keeps slowing. About Chesapeake Energy Corp.: Chesapeake Energy Corporation is a large company engaged in hydrocarbon exploration. As a result, the stock price will rise by 50 times from seventeen cents to $8.50 per share, since there would be 50 times fewer shares outstanding. If the restructuring team manages to avoid bankruptcy, which seems highly unlikely, the next most likely thing to occur is the following: a massive dilution of shareholders. Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Except as otherwise indicated, quotes are delayed. The problem, though, was that drilling in the heterogeneous rocks that are frequently laced with faults made drilling more expensive. Mark Hake runs the Total Yield Value Guide which you can review here. Now the company still has $9 billion in debt. While some wild speculation reversed and bankrupt names fell back to earth, Nasdaq ran up higher -- but don't bet a top is forming yet. On March 16, CHK management hired two well-known restructuring firms, Kirkland and Ellis as well as Rothschild, according to Reuters. Chesapeake Energy (CHK) stock surged today on buyout speculation. Earnings and ratings provided by Zacks. FactSet calculates the Market Cap for the basic symbol to include common shares only. ETF data provided by Lipper. A 1 for 200 reverse split would push the stock price to $34 per share. The Wall Street Journal chronicled the background to Chesapeake’s latest predicament in an article on Jan. 1, 2019. © 1996-2020 TheStreet, Inc., Chesapeake Energy Corporation. Chesapeake Energy will likely end up in bankruptcy. In addition, low futures prices for 2021 will severely limit its options to survive. The market misread the narrative that there was a cyclical recovery. Last Post: 10/31/2020 8:01:48 PM - Followers: 366 - Board type: Free - Posts Today: 5 This board's subject is fundamental and technical discussion about Chesapeake Energy Corporation, CHK. Great traders are the folks in the shadows nailing small and medium-sized winners on a consistent basis.

These stocks are not for the faint of heart and the risk-averse. Mutual fund data provided by Valueline. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. CHK has a market cap of about $4 billion, which combined with that $10 billion in debt gives it an enterprise value of $14 billion.

The enterprise is headquartered in Oklahoma City, Oklahoma. The Grave Dancer is buying oil production assets, so we may finally have reached a bottom in the valuation of energy companies. The evidence is pretty clear. Chesapeake Energy has been laying off employees, closing offices, canceling drilling projects and restructuring debt to better contend with tumbling natural gas prices, Bloomberg adds.

CHK shareholders will vote April 13 to approve a reverse stock split ranging from 1-50 to 1-200. CHK stock will then be worthless if that occurs. A recent Seeking Alpha article by WYCO Researcher skillfully analyzes Chesapeake’s current debt situation. Trading stocks that one knows are worthless -- and that even have declared bankruptcy -- because they are rising is a 'fool's errand.'. View detailed financial information, real-time news, videos, quotes and analysis on Chesapeake Energy Corp. (OTC:CHK). Fibocall: Selling zones to Know I would SCALE ... Tuesday Morning Fibocall for 11/3/2020: Please ... SPX (Long-Term View) Our first long-term support... Jim Cramer: Why You Shouldn't Expect the Market to Get Clobbered Again Monday, Comstock Resources (CRK) Q4 Earnings Top on Ramped-Up Output, Chesapeake downgraded to Sell from Neutral at MKM Partners, Chesapeake price target lowered to $0 from $1 at MKM Partners, Chesapeake (CHK) Q4 Earnings Beat Estimates, Revenues Miss, Chesapeake Tumbles Toward Oblivion With Investors Losing Faith.

* The market's leadership is particularly narrow The market is doing its best to confuse everyone. Chesapeake Energy Is Headed Towards Bankruptcy. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month. The piece describes Chesapeake’s switch from a focus on natural gas production to shale oil just as the prices of oil had fallen 40%. Is a Beat in Store for Chesapeake Energy (CHK) in Q4 Earnings? But for now, the U.S. Fed is in full easing mode and the liquidity boost should show up in the economic data over the next few months. It's a process that involves harvesting gains by repeatedly writing call options against stocks steadily in decline. Typically reverse splits are done for companies like CHK which are being threatened with delisting. This market is broken, and here's the good news and bad news about trading in it right now.



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