why do you always mention BK? It really goes to show your ignorance. You realize, they are solid until June of 2017 right?
CHK will not be BK. Come on. Don't you read? Even before the rebound their finances were set through June 2017. People, do some DD, sheesh!
yeah, well it takes a long time to hit zero. Plenty of opportunity to cover. However this default will not be an issue. This is the same S&P rating they had a few weeks ago. When they were upgraded back to a CCC it made zero difference in the price of the stock. Where they are the largest NG producer in the US and with the prices just going crazy, yesterday was a prime example as to why I would not want to short. There is too much upward pressure. I play it both ways, long and short and I am nervous about trading in either direction!
we all need to "ignore" these people. Click "flag" then "ignore user". Short or long, these peole never have any substance, it's magic ball joo joo. There's only a handful of people here who are worth following and we all know who they are!
you don't even have up to date debt information. if you want legitimacy at least post information that is very basic knowledge with accuracy.
I share your pain. If you are looking to day trade, this is a great pick. If you are looking long term, leave it and forget about it. CHK is not going away.