Yes. 100 percent sure he can't be selling. He is 13d holder with board seats. Total insider. The only way he can hedge is by selling oil or shorting other companies. Can't do it with CHK. He is not selling now.
CHK is my largest investment by far. I hope they can but not sure. I think all their bonds are listed securities and as such they can't. Doesn't make sense to me as thy openly said they are buying and will continues to do so in December filings. Does anyone know for sure?
Hey guys. Southeastern filed and bought 100 million of converts in q4. If Icahn did same or more I would say a positive. Major equity holders buying converts to save their equity holding? Could be in works. Company could also have been buying as this was not part of exchange offer and CHK clearly said thy would be pursuing purchase/exchange on these bonds. Good luck follow longs.
That is happening. Southeastern just lied and bought 100 million of converts in q 4. Thy ae on board also. Chek it out on free Edgar. Great foresight. Hopefully Icahn doing same.
Within a few days. However souheastern just filed their 12-31 and they bought 100 mill par of the 2017-018 converts which thy didn't report until quarter end. If Icahn did same could be setting up for swap and extended runway if the 2017 maturities get pushed out or exchanged. Good luck longs.
Guys some clarification. First guidance on q3 cc was clear 1.5 billion cash at 12-31. Factors in 360 mill nov bond repurchase and assume 200-300 million asset sales. No announcement would be made for asset sale of that small amount. CHK stated that some of those sales could be in q1 and then cash at 12-31 would be adjusted for that.
And as noted they repurchased the march 2016 bonds along the way as they were not in the debt exchange offer. The 2017-2018 converts were not in the offer so thy could have been bought back. All the other bonds were not able to be bought until the offer expired on 12-30. They the lockout period began on 1-1-16. So unfortunately other than info on the converts don't expect news on oter debt buybak.
I hope they can make traction after earnings lockout ends and buy te 2017 bonds/converts at these prices. Don't know how many would e available.
On bright side southeastern just put out their holdings on sec filing13H. Thy bought a ton of the 2017/2018 bonds. 100 million par. This could mean they are positioning with Icahn to help with these maturities. Let's see when Icahn files. Good luck to us longs.
I like this board. Hugs! Ok. Just bought ACAD. have been long another baker bros holding for a long while. SGEN. Own tons of SGEN. Also own ghdx. And small positions in aqxp and bcrx. All baker recent buys.
Sentiment: Strong Buy
Hi guys. I am long time holder with a huge position. I am also sick to my stomach. This is a clear disaster. Same bull fom these guys. These guys ran tlab into the ground. Huge spending increases and loss. Cash burn. My patience is just about gone. This could be down 20% tom. Hope I am wrong.
Amazing. Where do bakers come up with the money to fund in this environment. Hmmm. Tells me smart money says bio bounce is near. Big juicy bounce...... I hope. If not I like my job so need to work more. Lol
Going public today. Bakers will buy up to 50% of float. Own 20% going into IPO. Chinese company. IPO priced at 24. Think utilized PD-1 technology. Will be interesting. Bakers still at it big time.
Already own SGEN (major), GHDX (half of SGEN position) and AQXP (small). Saw they supported ACAD big in secondary at 29 beginning of January, BCRX recent buys as well as Biccillium as well as multiple buys of AQXP. The whole sector was dragged down by ETF stuff and hysteria. Think that these three may be good position to add to my long term holdings of SGEN-GHDX-AQXP. Bakers have incredible long term performance record. Cant go wrong following them.
Thanks for the positive Red. You always are. I look to negatives too much sometimes. And also only expect a small % of trials to make it anyway. That's the nature of the beast.