Does anyone else find it interesting that land cut over 20% today but not a single land E&P manager (6) or supervisor (5) was touched?!? Plus multiple other managers/supervisors in the department. They do zero of the work and get paid 2X as much. ... — read more
Doug Did His Best
Cut him some slack. Not his fault prices tanked. He is a strong leader and will come out of this with the company in a better position. Peace.
How many are being laid off?
The media says 200 but some people are saying that the number is much larger. Is there any way to find out? Just to know how worried I need to be today.
http://www.okenergytoday.com/2020/09/layoffs-coming-at-chesapeake/
http://www.okenergytoday.com/2020/09/layoffs-coming-at-chesapeake/
Pull off the band-aid already
Let’s be real, laying off 15% of the current staff is still not enough especially with impending asset sales. Productivity levels are going to continue to stay low as rumors of layoffs hang around. If executives really wanted to set the company up... — read more
Good luck, CHKers.
https://oklahoman.com/article/5671820/chesapeake-energy-to-cut-200-from-its-workforce-friday
No, layoffs have not started
Yes, there'll be layoffs soon, probably before the end of the month but it has not started today. If it was really a layoffs day, we would have heard by now - whoever's been here for the past few rounds knows this. If anybody has some real layoffs... — read more
Bloody Tuesday
Axeman cometh
I Can't Find Chesapeake Stock
What Happened?
How is the morale in south Texas
When I left ther a couple of years ago it was said that the New Leader was bringing all this exceptional talent from his previous “employers”...... I only heard of one coming, but he had to be terminated for making “racial slurs” against... — read more
VSP
Did they offer VSP to everyone in marketing? Also is it the same as the severance package? Also is it about to be bloody Tuesday again?
Selling off Assests
2 business units under purchase and sale agreements. Feels more like a Chapter 7 bankruptcy now.
AUBREY IS STILL ALIVE
Willing to bet AKM is still alive and well, waiting for the right moment to take back CHK! He can easily do it through his sons. If the McClendons were to come back, everything would be put back in place! Including the beautiful Christmas lights.
Why care
Doug has always said the employees are the most valuable resource. Then he sends out that video saying the majority of us are lazy and incompetent. Sounds like we aren’t that great of a resource. So why care anymore. They don’t care about us.
Massive CHK Layoff
we should be reading about it any day now in the Oklahoman. Bankruptcy will be good. Lean this bloated pig out to a skeleton crew and sell most of the assets. That has needed to happen for years. Work on growth again from a new start, once... — read more
Flying Dutchman grounded on sandbar
We bought Wildhorse - made those owners and a few shareholders millionaires and used them like an anchor to keep underwater. Focus on re-entry of existing, depleted wells w/ new casing and latex cement !!!!
Why so silent?
Where are all the frustrated stockholders and the general plethora of haters?
Robert D. Lawler dead at 56
https://oconnormortuary.com/obits/robert-d-lawler/
SEC
https://www.google.com/amp/s/www.proactiveinvestors.com/companies/amp/news/85913
How did Wyoming go from Hero to Zero?
Wyoming was once the hot spot that was going to save the company and now it's considered not profitable. Was it because they spent so much money so fast trying to make it work and then the market crashed from the pandemic and wells were forced to be... — read more
Management is under investigation by SEC
go get em
Bankruptcy Imminent
Rumors of 200:1 stock split, delisting, bankruptcy, and lay-offs.
BK will drag forever
or be thrown out DL going to jail
Chesapeake Is Officially Delisted
Goodbye.
Citadel makes its move
Did you see it? Read dockets closely.
What your Corp execs spend money on
https://document.epiq11.com/document/getdocumentbycode/?docId=3696536&projectCode=CHY&source=DM
More attempts to cover up
https://document.epiq11.com/document/getdocumentsbydocket/?docketId=791460&projectCode=CHY&docketNumber=381&source=DM
Final Hearing date postponed to Jul 30 and SEC will participate in BK hearings
see dockets for more info
Citadel getting ready for hostile takeover
The fun starts on 7/20.
This is not going to end well for the CEO
Any predictions? Jail or worse?
Management has lied to shareholders and employees are next
CEO put in poison pill because he was getting offers left and right but he would not remain the CEO. CEO paid himself handsomely IN CASH before BK. Were any of the performance metrics related to employee retention? Doubt it. Company did NOT... — read more
Why is CHK trying to rush the BK process?
Are they afraid of what might be "discovered"?
Financial situation
Not only would management not give guidance for 2Q, but they stated they would not be reporting the results, either. What are they trying to hide? Certainly the results could not have been worse than 1Q. I'll tell you why: they're hiding money, or at... — read more
Docket 294
https://document.epiq11.com/document/getdocumentbycode/?docId=3689040&projectCode=CHY&source=DM Every shareholder should write a similar letter and sent for consideration.
BK being challenged
May not go through
CHK article on bankruptcy
https://fortune.com/2020/06/29/chesapeake-energy-bankruptcy/ Lies, lies, and more lies.
Massive insider trading and $$$ laundering
Scams will be exposed. Guilty parties other than CHK mgmt and BOD include Franklin and Deutsche bank.