CHK the next ENRON

I think CHK (Chesapeake Energy Corp) will have to file chap11 protection..., ie. bankruptcy...

 

Carl doesnt think so;
Icahn Buys a Stake in Chesapeake Energy
By BLOOMBERG NEWS
Published: May 25, 2012

Carl C. Icahn, the billionaire investor, bought a 7.56 percent stake in the Chesapeake Energy Corporation and demanded a new slate of directors amid growing shareholder concern about the company’s management.

 

b/c....? the high debt levels? i trade off price but have been following this story closely - chk has a lot of debt but they have a lot of assets to pay off the debt. companies only file ch 11 or 7 when they don't have enough assets

 

Wasn't it the same with ENRON?...

 

The problem is that lives of an ordinary people are at stake...