Can't believe number 2 gas producer going down like this.
So, you expects CHK to pay dividend at the time like this? It is the right thing to do to survive. Next, chop off all high pay executives. Preserve cash as much as possible until oil price rise up again.
CHK wan't to wipe off debt? CHK has a lot of valuable assets in a bad time you Moron. Ch11 is when only there is no more hope.
Agree with bankruptcy if oil stay down here for another two years. Will oil stay down here? Nobody can make money down here. Can Saudi continue to flush the market for another 2 years? Heck! no pain no gain. Buy! Buy!
Bankrupt? Hey, I'm not a finance or business major, but I don't think this company goes bankrupt judging from the company balance sheet. Let me show why the company cannot go bankrupt. Net tangible asset is 10,946,000,000. This is the number which you take all the company assets and subtract all its debt. The number tell you that the company has the ability to raise money if it wants too. Another piece of information that gives me confident in this stock is massive insider buys and Mr. ICahn also owns the company. Now, the latest news about CEO leaving is actually good news. I think Mr. ICahn is doing house choir. FCX is at the point where commodity price is most important. Doesn't matter much of who runs the company. High paid management should be replaced with low paid ones to conserve cost.
Agree with tax loss selling. The bottom is in. With oil companies, I worry about bankruptcy. With this company I' not concern. I can hold long. When copper price recovers this will rise to $60