Summary
- Our worst fear has to come to pass - the stock is going to be reverse split.
- On top of operational issues in the past and the massive debt, energy prices have collapsed.
- To survive, we believe we need a sizable rally in energy, to the tune of at least $1.00 in natural gas and $25 in oil.
- Expect further price erosion.
https://seekingalpha.com/article/4337436-chesapeake-energy-survival-mode
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