Topics regarding layoffs at Chesapeake Energy Corp.

Topics regarding layoffs at Chesapeake Energy Corp.

Blatant selfishness

I can’t believe the blatant selfishness of these executives: in broad daylight they line their own pockets at every opportunity! This shows that this should not be a company to invest in.

STX -DD

We have have had curtailment of nearly half of our production and now talks of more curtailment next week. Not a single peep out of leadership as to why where how long, nothing. Just leave the workers in the dark and make them think that every day is... — read more 

Stock Tanks

Chesapeake stock now down over $8.00, over 32%, on news (rumors?) of imminent bankruptcy filing.

What does this mean?

On April 23, 2020, the Board of Directors of Chesapeake Energy Corporation (the “Company”) declared a dividend of one preferred share purchase right (a “Right”), payable on May 4, 2020, for each share of common stock, par value $0.01 per share, of... — read more 

Chesapeake Engineers

Chesapeake engineers are the dumbest laziest engineers in the industry. Blame them for your company falling apart.

WTI Futures Going Down Faster Than Chesapeake Stock

WTI is now down over 19% to $14.48/barrel. Stock dividend payments have been suspended. Won't do any good. The inevitable is going to happen, very possibly this year. Stock will be below $10 by the end of the week. Or maybe I am just wrong about all... — read more 

The Board of Directors

Why did the BOD allow Mr. Lawler to stay in power all these years ? Three years ago the board could have saved the company by putting in a new CEO , someone with great communication skills and the financial ability to negotiate all the debt.

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Post ID: @OP+14wT9Oun

NG companies all up,

seems the NG asset valuation is moving up as well, CHK?

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Post ID: @OP+14wCgxyj

How about CHK NG business

NG supply will almost certain tighten up, I am not sure how that will play out for CHK, if CHK can survive in next few months

Preferred dividend suspended

https://www.google.com/amp/s/247wallst.com/energy-business/2016/01/22/why-chesapeake-k–led-its-preferred-dividend/amp/

CHK employees get laid

off https://money.usnews.com/investing/news/articles/2020-04-16/chesapeake-energy-lays-off-200-oklahoma-employees

Change of Control Payments WRD Deal

This is still in effect for Execs for 2 yrs after closing of WRD deal if let go. Bet this happens. Doubles their severance payments.

Stock Down After Reverse Split

Chesapeake stock is down 40% to $15 and change one day after reverse stock split. Don't say you weren't warned that this would happen. Back below a dollar soon an then chapter 11 and then chapter 7.

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| 1140 views | | 3 replies (last April 15, 2020)
Post ID: @OP+14uC8k4G

How are employees this week?

How is everyone doing after last week’s layoffs? I went thru too many rounds when I was there. But doing them while everyone is working from home is new. Usually we were all gathered in offices sharing names which probably added to the stress. Do you... — read more 

Bonuses

Would be shocked if executives don’t get a bonus for getting it over 20 bucks a share

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