Agreed. This looks like it is done and will be gone like many others oil and NG this year.
By Ben Levisohn
Barclays analyst Thomas Driscoll and team argue that Chesapeake Energy (CHK) is still worth just a buck a share despite its better-than-expected earnings and recent asset sales:
Chesapeake trades at a debt-adjusted cash flow multiple of 8.5x mid-cycle estimates – a 5- 10% premium to peers using market prices for the convertible pref notes. This multiple has fallen sharply as a result of the additional $470 of asset sales that were announced, an increase of ~$700 mm in 2016-2017 cash flow estimates and a 16% increase in 2018 cash flows. If we were to use the face value of the convertible preferreds, the premium rises to 20-25%. While we applaud the progress Chesapeake has made, we believe a premium multiple is unwarranted. We are trimming our target multiple to maintain our $1 price target.
Get out next week before huge drop.
I think you mean $4 stock... yes, it is slightly overprice now. It should go back to $4 or under tomorrow.
in less than a year!! That is an impressive accomplishment in the solar world. Kudos to SUNE management for getting it done! Chatlia should celebrating "Mission accomplished"
what the hell happened?
Houston, we have a problem!!! The rocket is falling fast!!!! Lol
Let's do it CLFERs!!!! Lol
Oil is dropping and Asian stocks are dropping, so look for U.S market selloff tomorrow. CLF back to 2.50 and then 2.25 again in no time.
Witnessing the best pump and dump stock on the market!!!!!!!!!
CLF is sure under performance stock on the street.