Chesapeake Energy Corporation (CHKAQ) News
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CHKAQ News Highlights
- CHKAQ's 30 day story count now stands at 3.
- Over the past 6 days, the trend for CHKAQ's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
Latest CHKAQ News From Around the Web
Below are the latest news stories about Chesapeake Energy Corp that investors may wish to consider to help them evaluate CHKAQ as an investment opportunity.
Chesapeake Energy emerges from bankruptcyChesapeake Energy, the highest-profile casualty of the turmoil that swept through the US shale industry last year, emerged from bankruptcy on Tuesday, vowing that an era of debt-fuelled supply growth was over. The company’s Chapter 11 filing in June was a milestone of the pandemic-induced oil crash, as a spearhead of the shale revolution collapsed under a mountain of liabilities accrued during years of rampant spending and expansion. “It’s a new era,” said Doug Lawler, Chesapeake’s chief executive. |
Chesapeake Energy on verge of bankruptcy exitChesapeake Energy (CHKAQ) says it is poised to emerge from Chapter 11 bankruptcy this month as a high-volume, low-cost natural gas producer with little drilling planned on its shale oil leases this year.The company says it will sell $1B in notes as part of its court-approved reorganization plan to exit... |
Chesapeake Energy cuts 15% of workers as it emerges from bankruptcyOnce the second-largest U.S. natural gas producer, Chesapeake was felled by a long slide in gas prices. The company is "resetting our business to emerge a stronger and more competitive enterprise," according to the email to employees by Chief Executive Doug Lawler dated Tuesday, and reviewed by Reuters. Most of the 220 layoffs will happen at the Oklahoma City headquarters, the email said. |
15 Largest Gas Companies in the USIn this article, we are going to list the 15 largest gas companies in the US. Click to skip ahead and jump to the 5 largest gas companies in the US. Natural gas is fossil energy produced from decomposed organic matter, generally from ancient marine microorganisms that have been deposited over the last 550 million […] |
Williams' (WMB) Midstream Deal With Chesapeake Gains ApprovalWilliams' (WMB) midstream contract with Chesapeake (CHKAQ) gets approved by the court for the latter's bankruptcy restructuring process. |
Callon Petroleum Is a Fairy Tale Coming to an EndThe oil and gas industry is difficult to invest in when the economy is going great. But in these difficult times, many companies are facing an existential threat. Already at least 24 oil companies have declared bankruptcy due to the novel coronavirus pandemic. Callon Petroleum (NYSE:CPE) may very well be joining a list that includes Whiting Petroleum (NYSE:WLL) and Chesapeake Energy (OTCMKTS:CHKAQ). But somehow CPE stock continues to draw the attention of investors.Source: Shutterstock But after an ill-timed acquisition, the company has a multitude of problems. And ultimately, the answer may be bankruptcy. CPE Stock Is Loved by Robinhood InvestorsI'm probably becoming loathed by Robinhood investors. However, in fairness, they're making it very easy. In early March, only 4,000 accounts w... |
Bond Traders Aim to Separate Distress from Doom(Bloomberg Opinion) -- If bond traders’ performance in the second quarter of 2020 was about buying into an indiscriminate rally in all corners of the debt markets, the second half of the year could be defined by sorting out the companies that are merely distressed from those that are ultimately doomed.Investment-grade bonds have become almost a commoditized asset class, given the Federal Reserve’s $750 billion pledge to purchase a broad index of securities to support “market functioning” and provide direct financing to companies as a last resort. Investors have grown so comfortable with this arrangement (which is supposed to end after September but could easily be extended) that the average yield on high-grade corporate debt fell below 2% on July 16 for the first time in the 48-year his... |
Luckin Stock Faces Delisting — Look Elsewhere to InvestOn June 26th, Luckin Coffee (NASDAQ:LK) tumbled more than 50%. The company withdrew its request to make a case for continuing its listing on the Nasdaq. Luckin stock was pulverized, then suspended for trading on June 29th.Source: Keitma / Shutterstock.com It was not a good ending and certainly not the one that bulls were hoping to see. To be quite frank, I'm not sure what investors were looking for with this name. If they were going to pick over the scraps, they had to know it was pure speculation.To be fair, speculation can be completely fine -- so long as it is done in the right manner.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Speculation vs. InvestingBefore accounting issues were found, Luckin Coffee traded pretty well. Once the news was out though, many investor... |
ATTENTION CHESAPEAKE ENERGY EMPLOYEES: KlaymanToskes Continues Investigation into Damages of More Than $500,000 Sustained in Chesapeake Energy Stock with Full-Service Brokerage FirmsNational investment fraud law firm, KlaymanToskes ("KT"), continues its investigation into damages of more than $500,000 sustained by current/former employees who held large positions in Chesapeake Energy (NYSE:CHK) stock at full-service brokerage firms. Investment portfolios holding large positions can carry significant downside risks. The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of large concentrated positions that resulted in investors suffering substantial losses. |
Debt-Laden Chesapeake Energy Files For Chapter 11 ProceedingsShale oil and natural gas company Chesapeake Energy Corporation (CHK) on Sunday filed for bankruptcy protection proceedings to eliminate its $7 billion debt load and strengthen its balance sheet.The U.S. oil and gas producer said it filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas to facilitate a “comprehensive balance sheet restructuring”.Chesapeake has been grappling with the financial fallout of the oil and gas prices collapse, as the economic downturn tied to the coronavirus impact curtails energy demand.As part of a restructuring agreement, the company has secured $925 million in debtor-in-possession financing from certain lenders under its revolving credit facility, which will be available upon court approval.The financing package wil... |