What Do you think? Are you guys recovering or in death spiral mode? It looks like the last few years have been rough but the market seems to be coming around. For whatever Chesapeake is lagging their peers in recovery. Is it getting better on the inside?
3 replies (most recent on top)
The market has been expecting SOME news.. the silence from the exec's over the past few months has been deafening. Employees are getting worried. We all assume that some assets will be sold, but nothing significant has been announced. Luckily, demand for energy is strong and growing. If CHK can get cashflow neutral, and fast, we have a great chance for an amazing stock price recovery. Company won't be bankrupt in 2018. IMHO, there are many managers, directors, and probably a few VP's who need to be given the boot. I think there are solid employees, and the exec team is moving in the right direction, but it seems like middle management is too selfish, territorial, political, and focused on building silos instead of innovating to cooperate when needed. This is a major problem. We need to fire the crappy, politically oriented losers who claim to be "leaders".
I would say more like the walking dead. I would pass if you are considering an offer.
Spiral death mode