No it's more like $12. You have to add the 5 billion they just got. But that gives them about 9 billion cash and 11 billion in debt.
I had shares in SOHU around 7 years ago and I knew someone would buy them. Guess I was wrong. Stock is still where I bought it then. It was like 50 a share and when up to about 70 and I sold. Only had 100 shares. Maybe it's time to get back in it.
I just know have the money to start investing. An oil seam to be the only long term plays I see right now. Most sectors are at a 52 high. I missed yesterday to buy more. My goal is when it drops a dollar to by more. I also bought some CHK. They look like one day they might get bought out.
I'm a new investor in HAL but I see too much upside at these levels. I'm hoping it can stay like this for another month
Old article but still stands.
Chesapeake is now worth less than $12 billion. Note that Exxon Mobil (NYSE: XOM) paid more than $40 billion to acquire XTO Energy in 2010, and Chesapeake's current energy assets are even more extensive than XTO's were. To be sure, natural gas prices are now much lower, but strategic investors such as ExxonMobil know this won't last and may well conclude that Chesapeake is too much of a bargain to pass up.
I wouldn't be surprised that in the coming months that someone tries to snap them up. When a better company buying them it would use the 5 billion they just got to better use. They didn't even say what the money is going to be used for. I think there at a little lost.