Investor Says Chesapeake NOT in Danger of Bankruptcy

Yesterday MDN brought you news about Chesapeake Energy and their third quarter update (see Chesapeake Energy 3Q ā€“ Slash Drilling 30%, Bankruptcy Possible). As we pointed out in our summary of the update, many news outlets were focusing on a legalese notification in Chessy’s SEC filing that states 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 heading for bankruptcy. We spotted an article that takes a contrarian point of view, calling Chessy’s statement “much ado about nothing.”

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