Doug Lawler gave an interesting view on the purchase of WildHorse and announced some better times for the company. This time I have to say that I agree with him. We have been through a lot and for the first time in a while, it feels like the company is stable and capable of some significant growth. Hope that he is right.
https://www.forbes.com/sites/christopherhelman/2018/10/31/having-gone-through-hell-chesapeake-energy-ceo-has-no-doubt-its-time-to-grow-again/#4e7fe1994889
Stable depending on which office you're in and who is running it and whether or not your in the club that appreciates each other on a daily basis, because doing your job and not subscribing to the politics isnt good enough for the rulers anymore
All companies "feel stable" once their stock is de-listed and has fallen so much that it can't fall any more. 'Course, by then your 401k has tanked and you can forget about retiring anytime soon.
You're a real genius, you are..
This is simple really. CHK needs to file bankruptcy and white wash the balance sheet. Otherwise, this is going to be a VERY LONG slow motion train wreck even if commodity prices double. Why ? Most of the cash flow from higher commodity prices will be plowed back into further drilling. Things will improve for awhile and then when the next commodity downturn hits...KABOOM !!! The debt explosion will take CHK down. Go ahead and take your medicine Doug...after all, you inherited a debt bomb that was not of your making. You cannot work miracles, but you can stop the bleeding before you bleed out.
Most bi-polar company ever. Nothing they do is part of a plan or makes any sense.
Ramping up? Let’s get rid of our best and brightest.
Chipping away debt? Let’s assume another 2.8 bil of it.... I want to sell all of my stock but the loss my family and I will take is profound.
Losers lose.
That raptor is a business write off - so is the bacon that is tossed out at 930 am each morning. I know, you pay per piece, well not me, I lie and just say I have eggs. Then I eat my eggs and bacon in my raptor.
Go sit on a big raptor D. Little boy
Say what you want but leave my raptor out of it or I’ll find you and eliminate you from our company.
Onward and upward!!!
Doug bought a new Raptor - this deal must be sweet
The tan man is coming (HR).
Just the facts. We sold an asset for 2 billion and paid that towards debt while we simultaneously purchased a 4 billion dollar asset with our stock. This caused everyone’s stock to become diluted. We also bought out their entire several hundred millions of debt. This new asset purchase just bought us some of the very acreage we used to own several years ago when we used to have an office in the college station area. When they closed the San Antonio office we lost over 50% of the workforce and over 100 combined years of experience. Then they announce this deal after they force everyone to commit to a settlement package 2.5 months before they close the doors on the office. Talk about practicing the core value of transparency. Please help me contain my excitement.