TheStreet Ratings updates stock ratings daily.
The 'don't fight the Fed' Bulls are going head-to-head with the 'sell the news' bears. Quatar Petroleum is expected to make a final investment decision on a liquified natural gas facility near Sabine Pass, Texas. Please keep your posts on topic because your message(s) will probably be deleted when: As a result, the stock price will rise by 50 times from seventeen cents to $8.50 per share, since there would be 50 times fewer shares outstanding. These 3 stocks continue benefit from the misplaced pessimism of energy sector shorts. FactSet calculates the Market Cap for the basic symbol to include common shares only. Like us on Facebook to see similar stories, Oregon becomes first state to decriminalize small amounts of drugs, including heroin, Chipotle struggles with staffing as coronavirus cases rise. At that time CHK stock was trading for just 30 cents per share. The reverse split is needed to retain Chesapeake’s stock listing on the New York Stock Exchange. Energy can be a volatile place to put your money, so here are some points to look out for with natural gas. CHK 4.90 11.48 (70.08%). The author shows that CHK’s massive $9 billion in debt will likely not be able to be handled by the company in 2021. 0.00, 7.77 / Jun 29, 2020 08:16 AM Form 8-K CHESAPEAKE ENERGY CORP For: Jun 28 View All Articles Jun 29, 2020 06:10 AM Chesapeake Energy (CHK) Commences Voluntary Chapter 11 Process Chesapeake Energy (CHK) stock surged today on buyout speculation. The market misread the narrative that there was a cyclical recovery. Typically reverse splits are done for companies like CHK which are being threatened with delisting. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
Here is the bottom line: be very careful with CHK stock. The board will decide the actual amount. CHK focuses on discovering and developing large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. Chesapeake made a big bet on finding oil in Wyoming’s Powder River Basin using fracking.
Natural gas related companies offer much better plays for alternatvie-fuel minded investors. Powered and implemented by FactSet Digital Solutions Group. It’s usually a sign of a company in trouble. Mark Hake runs the Total Yield Value Guide which you can review here. CHK shareholders will vote April 13 to approve a reverse stock split ranging from 1-50 to 1-200. * In nearly every market cycle, speculation in low-quality, virtually valueless and literally bankrupt stocks, marks a market top * Statewide "shelter at home" orders coupled with the Fed's liquidity injections and commission-free trading (on most p... We have reached peak 'Greater Fool Theory' -- and here's how to move forward. WPX Energy (WPX) to Post Q4 Earnings: What's in the Offing? The problem, though, was that drilling in the heterogeneous rocks that are frequently laced with faults made drilling more expensive. Last Post: 10/31/2020 8:01:48 PM - Followers: 366 - Board type: Free - Posts Today: 5 This board's subject is fundamental and technical discussion about Chesapeake Energy Corporation, CHK. 225 Liberty Street, 27th Floor, New York, NY 10281. Great traders are the folks in the shadows nailing small and medium-sized winners on a consistent basis. The enterprise is headquartered in Oklahoma City, Oklahoma. Shares of the natural gas producer tanked earlier this month on bankruptcy concerns, even though Chesapeake Energy released a statement assuring investors that it has no plans to pursue bankruptcy. The piece describes Chesapeake’s switch from a focus on natural gas production to shale oil just as the prices of oil had fallen 40%. Chesapeake spent $4 billion on an ill-timed acquisition of Wildhorse Resource Development Corp. On top of that the company came with $1.1 billion in additional debt. Moreover, there are numerous tranches of debt on CHK’s balance sheet. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month. So be careful about this.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D. Chesapeake Energy's weaknesses include its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Then the price of oil tanked even further, as we know. If they didn't move after the Middle East burned, I don't know what they will do if the economy keeps slowing. 430.00. Earnings and ratings provided by Zacks. For example, with a 1 for 50 reverse split, every existing 50 shares will receive one new share of CHK stock. The market is disconnected from reality. CHK has a market cap of about $4 billion, which combined with that $10 billion in debt gives it an enterprise value of $14 billion. Chesapeake Energy (NYSE:CHK) is likely headed towards bankruptcy. Chesapeake Energy Is Headed Towards Bankruptcy. Quotes delayed at least 20 minutes for all exchanges. A 1 for 200 reverse split would push the stock price to $34 per share. * The market's leadership is particularly narrow The market is doing its best to confuse everyone. Is a Beat in Store for Chesapeake Energy (CHK) in Q4 Earnings? In addition, low futures prices for 2021 will severely limit its options to survive. That equity spike had to come back to earth. TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. It's a process that involves harvesting gains by repeatedly writing call options against stocks steadily in decline. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. It is no magic wand that will push the stock higher, although that often occurs. Don’t be fooled about this. The author shows that CHK’s massive $9 billion in debt will likely not be able to be handled by the company in 2021. Chesapeake Energy will likely end up in bankruptcy. In effect, shareholders will have to make room for debt holders in the common stock capitalization table. Fibocall: Selling zones to Know I would SCALE ... Tuesday Morning Fibocall for 11/3/2020: Please ... SPX (Long-Term View) Our first long-term support... Jim Cramer: Why You Shouldn't Expect the Market to Get Clobbered Again Monday, Comstock Resources (CRK) Q4 Earnings Top on Ramped-Up Output, Chesapeake downgraded to Sell from Neutral at MKM Partners, Chesapeake price target lowered to $0 from $1 at MKM Partners, Chesapeake (CHK) Q4 Earnings Beat Estimates, Revenues Miss, Chesapeake Tumbles Toward Oblivion With Investors Losing Faith. Little did they know that oil prices, then down 40% from their peak, would continue to crater. This is not a huge turnaround play. Today it is just seventeen cents. Bloomberg also recently chronicled Chesapeake Energy’s attempt at the end of February to raise even more debt to work out of its situation. The issue is not CHK's debt, but whether it can service the debt, and the company's robust hedge book and the recent uptrend in natural gas pricing CHK show that it should be.
Despite Chesapeake’s futures hedging for 2020, its debt maturities in 2021 will cause problems. Chesapeake Energy has been laying off employees, closing offices, canceling drilling projects and restructuring debt to better contend with tumbling natural gas prices, Bloomberg adds. The evidence is pretty clear. Follow Real Money's Wall Street Pros to receive real-time investing alerts. Debt holders will likely demand not only majority control but likely supermajority control. NEW YORK (TheStreet) -- Chesapeake Energy (CHK) - Get Report stock soared by 19.50% to $2.39 in Monday's trading session after financial blog Seeking Alpha argued that the company is a "prime takeout candidate.".
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