No one will “acquire” Chesapeake, it will be cheaper to buy the assets from the bankruptcy. Employees and share holders will pay the price for poor management.
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I don’t see any company buying the whole company. I would say that the board has received invites to talk about some asset sales. There are many opportunists out there that see a bargain right now. We have a gas and oil glut. Unless we have a very harsh winter we can’t lower our reserves. The decision will be made after this winter.