j****9
发帖数: 2295 | 1 How Chesapeake (CHK -13.8%) managed to crush longs and shorts within a 30-
minute span: After filing that “additional time is needed" to complete its
Q1 report, it actually filed the Q1 within minutes. A massive short covering
spree ensued, the stock gyrated wildly, but reality finally set in: CHK may
need to delay asset sales it needs to fund its potential $6B spending gap. | c*****r
发帖数: 8227 | 2 The news indicates that CHK has depleted all its "primary" working capital (
cash and short term cash equivalent).
CHK has to rely on "secondary" resources (liquidate assets - Properties,
Plant and Equipment etc.) to maintain the operation activities.
If CHK cannot turn around to generate enough positive cash flow, the only
way out is Chapter 11.
Very negative - 杀鸡取卵，是也。 | j****9
发帖数: 2295 | 3 Chesapeake Energy receives $3 billion loan from Goldman Sachs and Jefferies
Group, giving the company more time to sell assets and lower its debt. |
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