Anadarko had a lot of debt and they were bought out.
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Actually this is the right time for someone to purchase us. It would be a bargain for any huge company in the long run.
Yeah, Chesapeake’s debt would require a restructuring of any company so profound, that no Board of Directors would allow an acquisition.
Here’s what they’ll have to do:
Chapter 11
Reorganization
Sell some PA Marcellus assets
Pray for a super cold winter. Like god damn South Pole cold.
DO not worry man and you will surprise in the price and deals. Do not jump into conclusion and the company is doing great! no issues with it all.
No one is interested in this company. The CEO is a joke. The laughing stock of the oil industry. Nothing is happening, nothing is going to happen, and that’s just reality. Why this company even has a PR department is beyond me. Just toss CHK into the dumpster and torch it.