Chesapeake Energy Stock in Trouble – Delist? Reverse Split?

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Two weeks ago MDN brought you news about Chesapeake Energy from their third quarter 2019 update (see Chesapeake Energy 3Q – Slash Drilling 30%, Bankruptcy Possible). A number of news outlets and analysts focused on a legalese notification in Chessy’s SEC filing that stated IF certain things happen the company MAY HAVE issues continuing as a “going concern.” The chattering class jumped on that to say the company is sure-enough heading for bankruptcy. Since that time the stock market has not been favorable to the company.

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