He definitely had a way with the bankers. Something like this maybe? lol --->McClendon had leveraged the company way to far and no one following him cleaned up the mess completely and then a further drop in oil did them in.
He definitely had a way with the bankers. Something like this maybe? lol --->McClendon had leveraged the company way to far and no one following him cleaned up the mess completely and then a further drop in oil did them in.
As in up over 180%. Crazy stuff. They are by no means out of the bankruptcy woods.
I guess I don't understand. Why did the stock run up so much? The last thing I would do is to buy common stock in a company surrounded by bankruptcy rumors. Can someone educate me, please.
Short squeeze.
https://en.wikipedia.org/wiki/Short_squeeze#:~:text=A short squeeze is a,covering (liquidating) their positions.
Probably some vegas money buyers in there too....
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