Chesapeake Energy Corp. CHK, -12.24% warned Monday that it may not be able to stay in business as weak oil and natural gas prices imperil a yearslong effort to pay down hefty debt.
https://www.marketwatch.com/story/chesapeake-energy-warns-it-may-not-be-able-to-stay-in-business-2020-05-11
Stock is down almost 21% to a record low, now around $10.55.
Did you guys think management is that incompetent? the fact that they didn't declare BK at this point meaning, there is options to avoid. If there is some positive news coming out, then it will change everything.
No surprises here