Check out the WTI oil futures.
5 replies (most recent on top)
Do the hedge prices CHK has in place still apply even if oil is $30? Who can afford to pay them their hedge price and lose that much $?
WTI is 28$, all will go bankrupt even big names such as Exxon if this lasts few months. No one outside middle east can make mo ey at this price.
"Will Stock Close below 10 Cents Tomorrow?"
Are you kidding? At this rate the price will go negative.
Lay down all the rigs and lay off non-essential employees. Survival mode. Stock split THEN Q1 earnings at these oil & gas prices are going to decimate this company. And many others.
Get out of oil & gas.
5 cents