it shouldn't be surprising that CHK is a 1 (Strong Buy) stock and boasts a Momentum Score of A. The company’s solution to the predicament is to do a reverse split to put it, once more, above $1. Chesapeake Energy currently has a Zacks Rank of 1 (Strong Buy). In December, the NYSE sent Chesapeake Energy a notice of delisting because CHK stock had fallen below $1 for 30 consecutive days.
Today, CEO Doug Lawler talks a good game, but trading at 25 cents, it’s hard to take the chief executive’s words for anything but PR. View real-time stock prices and stock quotes for a full financial overview. ‘If something didn’t work for a little bit of time, we could regroup and find something that did work,’” Nikiforuk wrote.īorrowing billions to accomplish the land grab, it’s an outstanding illustration of why debt, even the low-interest kind, is a company killer.
it shouldnt be surprising that CHK is a 1 (Strong Buy) stock and boasts a Momentum Score of A. ‘To be able to borrow money for 10 years and ride out boom-and-bust cycles was almost as important an insight as horizontal drilling,’ McClendon told Rolling Stone magazine in 2012. Chesapeake Energy currently has a Zacks Rank of 1 (Strong Buy). Site is running on IP address 192.190.220.7, host name ( United States) ping response time 9ms Excellent ping. “McClendon saw easy credit as one of the most important tools for cashing in on shale gas. created by Chesapeake Utilities Corp.This domain provided by at (26 Years, 269 Days ago), expired at (0 Years, 94 Days left). It was mere days after the executive died driving into a highway overpass.ġ0 Stocks That Every 20-Year-Old Should Buy Andrew Nikiforuk wrote an interesting piece in March 2016 that discussed McClendon’s downfall.
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