if results do not exceed estimates and move the stock price upwards, both of them need to go
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NG is going sub $2 next year per several commodities people. Very realistic. Got a big problem carrying this kind of overhead running 10-15 rigs.
It is time for a change of scenery at the top. No different than sports teams, you have lost these many years it is time for a change. And then the new staff has to find a buyer. You can’t continue selling assets with low gas prices. The debt was to be below $6 billion by now. Sad times.
Management is a few fries short of a Happy Meal.
That's not enough... The only way CHK come out of this in the black is someone buying the company and paying the debt. CHK could then squeak out a modest cash flow. Right now CHK can't even service there debt long terms. CHK is deplete all their resources by drilling or selling assests just to service the debt. Everyday the assets get smaller and the debt gets bigger.
The only thing that might save the company is an international deal where CHK helps someone like India find and develop unconventional oil and gas. CHK could help them jump the learning curve and they could pay the 15B CHK needs to get back on its feet.