WTI is now down over 19% to $14.48/barrel. Stock dividend payments have been suspended. Won't do any good. The inevitable is going to happen, very possibly this year. Stock will be below $10 by the end of the week. Or maybe I am just wrong about all of this. Nope, don't think so.
10 replies (most recent on top)
What good is a hedge if there’s no market for the product ??
Short sellers are trash. Especially those who have no clue how derivatives markets work. Hedges work. Layoffs work. Suspended dividends save cash flow. CapEx cuts work. This company is quietly buying back it’s own debt and will thrive on higher natural gas prices
whoever don't have gas asset is mostly over.
whoever not hedged is over
@ $0.19/barrel just a moment ago. Oklahoma is over for a while.
They are hedged right now.
Now is 5/barrel, and still can be saved, might thrive.
WTI now at $8.03/barrel. This company cannot be saved.
Not that fast, NG is up, and will up big time. CHK will be huge profitable one.
WTI now at $13.06/barrel. Hello bankruptcy.