Chesapeake Energy’s Slim Chance to Avoid Bankruptcy

We’ve recently brought you a number of stories about Chesapeake Energy and their falling stock price (see Chesapeake’s Reverse Stock Split Bombs, Company “On Life Support” and Chesapeake Suspends Dividend Payments; Stock Still Falling). Most analysts believe that with $9 billion in debt and a stock value approaching $0, the company will have to declare bankruptcy. Soon. But not everyone sees it that way. We spotted one analyst who says Chessy still has a fighting chance to stay out of bankruptcy, if…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment