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The Water Cooler
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Chesapeake Energy preparing for bankruptcy
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<blockquote data-quote="Shadowrider" data-source="post: 3375796" data-attributes="member: 3099"><p>They still have a fantastic land portfolio. Their NG reserves are only bested by one company AFAIK, that company is ExxonMobil. They also bought a smaller company out that was a player down in the Permian not too terribly long ago, that gave them more oil on the books. Their reserves are what may give them a chance after coming out of bankruptcy as long as they have enough left. If you want to speculate on a long position, waiting until after they come out of bankruptcy would be the time to buy. Their debt load will be lighter then.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 3375796, member: 3099"] They still have a fantastic land portfolio. Their NG reserves are only bested by one company AFAIK, that company is ExxonMobil. They also bought a smaller company out that was a player down in the Permian not too terribly long ago, that gave them more oil on the books. Their reserves are what may give them a chance after coming out of bankruptcy as long as they have enough left. If you want to speculate on a long position, waiting until after they come out of bankruptcy would be the time to buy. Their debt load will be lighter then. [/QUOTE]
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Chesapeake Energy preparing for bankruptcy
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