More on the Chesapeake (CHK) sales: The Permian Basin assets alone fetched $3.3B - "a little...

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davidingeorgia Comments (2713)
 

Watching Chesapeake operate these days is like seeing someone who has gone on a multi-year eating binge and blown up way, way bigger than is healthy for them to be, and who suddenly realizes that the class reunion is coming up, and they're about 8-10 sizes beyond fitting into anything other than "fat" clothes. Chesapeake is at the crash diet phase of this cycle now. It might be a company worth investing in again...in a year or two or five.
12 Sep 2012, 07:39 AM Reply Like

Russ Fischer Comments (1222)
 
$3.3 billion for 5.7% of the company's production. That implies the rest of the comapany is worth about $58 bill, give or take. Minus another $10 in debt and you have a company worth $48 billion or $80/share.
I think I'll hang on and let this thing continue to heal.
12 Sep 2012, 09:07 AM Reply Like