Seems like it's been awhile since they passed out some new t shirts. Maybe they could print some that say NEW 52 WEEK LOW!!! Might get expensive though, considering they would have to print a complete new series every day.
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LOL. Right. If those APC people hadn't arrived you and I - and 10,000 other CHK emokoyees would have been unemployed last year from bankruptcy. That's reality.
WTI hitting a 45$ handle doesn't help.
@Anon129586: if it weren't for Aubrey, we wouldn't have the assets we have. Sure, there is debt. It could have been paid off with more sales and JVs that haven't happened. Doug misjudged the market-don't get me started on the cluster the hedges are. Doug messed up communications with the street beginning with last earning call thru now. He certainly isn't anyone's savior! "Another day, another 52 week low" is what the shirt should read! What a joke! He and his Anadarko cronies should be giving back some of the cash they have stolen from us for the lousy job they are doing!
It's not the assets that keeps a sale away. Blame Doug all you want but it's not his fault CHK is as $8 it's the damn legacy 11 BILLION DOLLAR DEBT! And - that's is why the CHK stock has fallen farther than anyone else in the peer group. Do you homework people before you look like an idiot commenting out here. The current stock price is a result of AKM debt pure and simple - the CHK balance sheet is not as strong as our peers and we've been discounted for it!!!!!!!
Can't tank much further. If our assets are truly "world class" as our fearless leader continues to preach, then someone would buy us out at these fire sale prices. Or it could still be the market "not recognizing our greatness." Either way, you're correct, price is heading south real fast this week.
It is really going to tank after Wednesday's call.