this stock already sold off in advance of this news. There has been speculation for months. Tomorrow is capitulation and therefore, the bottom.
he has never said that. there is a difference between saying cash flow positive vs. earnings positive.
This is what bulls want to see. Capex discipline.
or the stock is down a lot because a big dilutive event is about to happen
Isn't there a conflict of interest between Davita and Auryxia? What incentive do they have to use a drug that may reduce their future business
these wells do not go to zero though, and costs are going to drop a lot. I think there is a difference between business going down and complete destruction. The stock is trading like EBITDA will be $500mm a quarter.
Let's be real here. Every time this has happened in the oil industry banks do everything they can to accommodate on terms. Banks are better off trying to structure a deal than no deal. CHK clearly has enough cash flow to pay interest. Yeah the stock has tanked, but with all the hedges in place, cash flow is pretty much set for the rest of the year, and dividend payments relief helps even more.
So all the wells they drill this year will help next year as there is a baseline EUR after the initial 90 days. So go ahead keep beating it down at this price.
Also before they have to borrow they have to burn through over $2bn in cash. Shorts will see that burn is not going to happen as much as they like. EBITDA around $900mm and no dividend payments equal much slower burn going forward.
EOG, CLR, SWN, RRC...if they really care about a dividend why should CHK
Of course they have not talked, but it doesn't mean that Shire is not interested. Shire wants to show NPSP that they can do it...so they are getting their ducks in a row.
yes, I am listening. Nothing new really. If you hate it you hate it, but 2million shares traded is very low for this stock.
Isn't it better if the the interim results get pushed back farther? My impression is that if the trial goes well, then survival should be high, thus making it harder to hit the necessary deaths to report interim.