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Chesapeake Energy: We’re Not Filing for Bankruptcy…Yet | Marcellus Drilling News
Chesapeake Energy's stock plunged on Monday after a report in Debtwire said the company has retained a restructuring firm to help the company cope with $9.8 billion in debt. "Restructuring" is typically a nice way of saying "bankruptcy protection." When the market caught wind of "restructuring" that's just what they thought--and started selling like crazy.