This will just be the first round of carnage. It depends on what the stock price does. Remember, it's ALWAYS about the stock. Have a wonderful weekend!
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time to make a call. it is getting weird in the hallways.....
The stock price could jump 75% tomorrow, and still be down 50% year over year. Cash burn and negative EPS forecasts for the next 5 quarters are the major issue.
It's not dependent on what the stock does - it's dependent on their cash flow and ability to raise additional cash. The burn rate at CHK is astounding, even after cutting the E&P budget for 2015 to nearly nothing they're still hemorrhaging cash. A layoff is eminent.
Back that clam up.