Today = death of CHK
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CHK Director - Ryan Thomas - now up to 1.2 million shares – just bought more CHK Stock on Jan. 2nd at $0.86 – see filing here:
http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=114711659&type=HTML&symbol=CHK&companyName=Chesapeake+Energy+Corporation&formType=4&dateFiled=2020-01-06&CK=895126
So does this force a buyout?
They're selling bonds before the EOY so they don't get a 25%cut on their revolving facility. The banks own the entire company now and this means that no asset sales can be done until all debt is paid off with profits
The big question here is why? Why did they borrow?
More debt above 11% closer to the end.