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The Water Cooler
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Chesapeake Energy preparing for bankruptcy
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<blockquote data-quote="stroker-c10" data-source="post: 3375800" data-attributes="member: 6929"><p>To elaborate, they have always had great reserves in NG. The problem I am suggesting was that they primarily focused on these with the expectation of them growing exponentially and that did NOT happen. The oil assets help their portfolio and the NG assets COULD if it was the market they originally hoped for. In the short term, I don't speculate that those reserves will bring the value that they need to save their portfolio. Just my early speculation and I HOPE I am wrong.</p></blockquote><p></p>
[QUOTE="stroker-c10, post: 3375800, member: 6929"] To elaborate, they have always had great reserves in NG. The problem I am suggesting was that they primarily focused on these with the expectation of them growing exponentially and that did NOT happen. The oil assets help their portfolio and the NG assets COULD if it was the market they originally hoped for. In the short term, I don't speculate that those reserves will bring the value that they need to save their portfolio. Just my early speculation and I HOPE I am wrong. [/QUOTE]
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Chesapeake Energy preparing for bankruptcy
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