CHK interest expense
2016: $286 million
2019: $518 million
2020: $700 million
It’s over
2 replies (most recent on top)
Oh. And you have/had a better approach ? Please. Haters are just gonna hate. Get back to work.
What you have described is called "Circling the Drain" or a "Slow motion Train Wreck". Bankruptcy is the only real viable path for CHK to survive and start over. I know it is not a great choice, but it is the right thing to do. The "C" suite leeches are just fattening their wallets as long as they can and spinning the situation with happy talk. Anyone who can balance a checkbook should have enough common sense to see through this. Do not listen to what you hear, notice only what you can see. The approach is NOT working and anyone with half a brain can see it is not.