Chesapeake Energy 3Q – Slash Drilling 30%, Bankruptcy Possible

Chesapeake Energy, still with a sizable amount of acreage and shale wells in the Pennsylvania Marcellus, issued its third quarter update yesterday. Which happened to set off the chattering class buzzing about the possibility the company is close to declaring bankruptcy. This isn’t the first time “experts” have declared Chessy is close to bankruptcy (see this MDN post from 2016: Latest SEC Filing Shows Chesapeake Doesn’t Rule Out Bankruptcy).

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