The Vine deal proves CHK is still following Aubrey’s playbook in lock step.
The first 4 rules CHK always has and always will follow:
(i) never follow the rules;
(ii) never pay in cash;
(iii) always demand payment in cash; and
(iv) never tell the truth.
Think BV will also be sold but after they gut STX by moving large number of pumping units to BV at probably stupid low prices, bet there is some of that old CHK creative financing that use to go on.
You ain’t seen nothing yet. WH’s former executives are positioning themselves right now in BV acreage alongside the CHK acreage (HW). Gonna be lit when they buy it all back at a fraction.
Meet the new boss, same as the last.
Did you expect anything different from leaders from field all the way to Board? The Vine team is going to quickly realize a very sad realization of not what they are told but they must be willing to abided by management wishes.
I always thought the fifth rule was
(v) always feather your own nest first and last.
Dumpster fire now and always has been.