They will be worth zero very soon, and we are sitting on a pile of cash... Here is the CHK thread: @FQI8b05
3 replies (most recent on top)
First Chesapeake is not going Bankrupt read their financials they have lots of assets they can sell to hold off Bankruptcy for a couple years and they have just started financial restructure they have some tough times ahead and if their balance sheet ever starts to look favorable they will be a prime target for a buy out. Anadarko is not in the position to be that buyer they have debt and revenue issues of their own and will have to do some fancy dancing to hold off corporate raiders if the stock drops into the low twenties or worst case scenario the teens but it will take 6 months of 20 dollar oil to put them in that position. So as far as APC buying Chesapeake not very likely not impossible but not likely.
Doug Lawler wont let Al Walker win you just wait maybe someday we will by Anadarko with all its arrogance.
Pipe dreams, this will never happen, they owe so much it's nuts, if we were to buy them we'd assume 10 billion in debt, so, it'll never happen, maybe after the BK is over, but at that point they will be worth zero, so why buy them