Chesapeake Energy (CHK) fails to win a court order in its request for an emergency ruling...

This news story has 8 comments:

Register or Login to rate comments »

Russ Fischer Comments (1124)
 
Buyout coming.
14 Mar, 05:07 PM Reply Like

jmpbrown Comments (20)
 
Hope so.
14 Mar, 05:14 PM Reply Like

pemdas1 Comments (108)
 
How does early redemption of notes help with a cash shortfall? Seems it should make it worse.
14 Mar, 05:27 PM Reply Like

ribsr Comments (5)
 
It. Is the penalty for early redemption!
15 Mar, 04:40 AM Reply Like

Factzplz Comments (162)
 
This is $400M owed in 2019 - not exactly a crisis today.

CHK already did $1 billion sales announced two weeks ago, so the author is wrong on his amount.

Also, nat gas closed today at $3.83 which knock another billion off the shortfall.

It is amazing that as Aubrey leaves everything he said is coming to pass on the schedule he laid out.
14 Mar, 05:57 PM Reply Like

jmpbrown Comments (20)
 
A lot of people think that we are better off without Aubrey, but I am not one of them. As long as he was head of the company I always felt he would do the very best for the company. It has been his life's work. Anyone that takes a small company and turns it in a Billion Dollar company has to be someone special. Just think of all the right decisions he had to make to build this company.
15 Mar, 06:18 PM Reply Like

pauliene Comments (130)
 
the reason for paying off this particular loan was the interest rate as compared to other loans. also, they did not want to touch the convertible bonds
then too, the real point of all this was that they are showing wall street they want to pay off debt. its a signal
then ass the draw down for natural gas today and wow, wow wow
the next saga is, they can call in the bonds, without paying the 400 million, by informing the bond holders. the bond holders can just not redeem them, or, go to court to demand they get paid the 400 million, or else cancel the redemption.
how? the judge made that part of his ruling. he is having a meeting with both sides Friday, Monday and possibly Tuesday to see if Chesapeake wants to go forward with the redemption and also allowing it to not be completed by all parties going back to court for a ruling,
confusing? well, its a decision that satisfies both parties. the bonds get redeemed without a 400 million penalty, or, they just do not get redeemed.
14 Mar, 10:35 PM Reply Like

bwjr17 Comments (5)
 
$34.00 - remember that number
15 Mar, 02:26 AM Reply Like