CHK the next ENRON

Discussion in 'Stocks' started by mutluit, Nov 11, 2012.

  1. mutluit

    mutluit

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

    nkhoi Moderator

    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.
     
  3. 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
     
  4. mutluit

    mutluit

    Wasn't it the same with ENRON?... :D
     
  5. Klemen

    Klemen

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