Chesapeake (CHK) must raise at least $7B through asset sales this year and another $2B next year...

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lisa38k Comments (27)
 
Try KiOR or Forbes Energy Services (FES)--under 5. BLDR is also one to ride if you've got the time to grab cyclical profits.
29 May 2012, 05:44 PM Reply Like

AxiosCap Comments (270)
 
If they sell off their best assets, then ppl will have to greatly revise their valuation models and prices will come way down. Having to sell 9B in assets just to stay in compliance with covenants says they are in far worse shape than ppl think and it may be beyond Icahn's ability.
29 May 2012, 06:15 PM Reply Like

jake7 Comments (25)
 
Afraid the CHK board just doesn't get it.....
29 May 2012, 06:22 PM Reply Like

J 457 Comments (865)
 
Never been a better time to CVX to make an offer.
29 May 2012, 08:37 PM Reply Like

DeepValueLover Comments (5089)
 
CHK is no different from ATPG.

Beware.
29 May 2012, 09:11 PM Reply Like

HoeTamer Comments (187)
 
I never thought that ATPG was so casual with shareholder money, after the Macondo blowout shut everything down they went into survival mode. ATPG is just one major oil strike from being a $15 stock again. CHK has debt issues but also has some very high quality assets and will rise to the mid-twenties again, soon.
29 May 2012, 09:25 PM Reply Like

Terry Bonner Comments (8)
 
To hold or not to hold. that is the question.
30 May 2012, 12:02 PM Reply Like