“As of March 31, 2018, Chesapeake's principal debt balance was approximately $9.400 billion, compared to $9.981 billion as of December 31, 2017.”
3 replies (most recent on top)
About time someone states the obvious seriously stick a fork in the piece of p--p it’s over bra!!!!!!!!
Folks - relax. It’s all good. Let’s just shuffle the chairs here a bit and enjoy the Titanic Swing Band. The iceberg doesn’t look so bad from here does it? Would you like something from the bar? The Captain has assured me all is well and we’ll be underway soon.
Pardon my satire (but I love it). Would one of you English majors tell us about the use of “underway” and why the author chose to use it? I won’t list any multiple choice answers, so please be authentic and not juvenile. BTW - Keep cashing the checks like I did for years. Simplify when it’s gone, and enjoy life’s ride. No regrets here, and I hope the same for you (not withstanding young family folks. It s---s, and I feel for you. But please, plan ahead and stay positive and grateful. Your skills and determination will do you well).
Give it minimal time and they’ll be right back at 9.9 if not higher.
500 million isn’t much reduction for that debt load. Especially when you consider all the divestitures and layoffs that have taken place to reduce that load by 500 million since the beginning of the year.
Chesapeake can sell 100% of everything (so that there is nothing left of Chesapeake) and there’ll still be debt owed.