CHK - Chesapeake Energy Corporation

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Previous Close12.78
Bid0.00 x 900
Ask0.00 x 800
Day's Range11.55 - 12.89
52 Week Range4.15 - 430.00
Avg. Volume6,004,924
Market Cap115.93M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Executives at Bankrupt Companies Scored $131 Million in Bonuses

    Executives at Bankrupt Companies Scored $131 Million in Bonuses

    (Bloomberg) -- Before the bankruptcies came the bonuses: $10 million at J.C. Penney Co., $25 million at Chesapeake Energy Corp., $1.5 million at Hertz Global Holdings Inc.That’s how much was promised to executives only weeks or in some cases days before bankruptcy, according to a Bloomberg analysis of regulatory filings. Of the 100 or so major companies that have filed since the coronavirus shutdown began, 19 of them have committed to paying a total of $131 million in retention and performance bonuses, both before and after bankruptcies, a number that’s poised to climb as a record number of Americans are jobless and the pandemic spreads.The companies say they need to keep their management teams to help turnaround consultants repair the damage, even when it means rewarding people who were in charge when the business began sinking. The timing of some of the bonuses, before the filing, legally heads off opposition from creditors, who can’t block such payouts unless they’re made after a case reaches court.The practice isn’t new, but the context is unprecedented. The economy is in a tailspin, and while thousands more Americans stand to lose their jobs in J.C. Penney’s bankruptcy, the $4.5 million going to Chief Executive Officer Jill Soltau, who in fairness took over in 2018, when the company was already decades in decline, is pretty much a done deal, as are other payouts.“We really find them offensive in light of the median worker pay, the reductions in benefits and layoffs due to store closings,” said Julie Farb, director of the Center for Strategic Research at AFL-CIO, a federation of 55 labor unions. “It’s all made worse in the current Covid environment.”According to the law, company creditors and the U.S. Trustee, which oversees bankruptcies for the Justice Department, can dispute bonuses paid to executives while in bankruptcy, but not payments made before filing.To challenge pre-bankruptcy bonuses, creditors need to file an adversary claim, such as a fraudulent-transfer claim, which can be costly and time-consuming.In recent weeks, the U.S. Trustee has objected to about a dozen bonuses it says were excessive, said Peter Carr, a spokesperson for the agency. The Trustee has generally been unsuccessful in blocking payouts, he said.“The only remedy is a claw-back,” Carr said. “The U.S. Trustee program can’t seek that remedy, so we object to any debtor motions that would prevent the unsecured creditors’ committee from pursuing this remedy.”On May 19, Hertz, the rental-car company devastated by the pandemic-related clampdown on travel, handed out $1.5 million to three top executives as part of $16.2 million in retention bonuses. Three days later, it filed for bankruptcy. The company said in April that it had cut 10,000 jobs in North America. Hertz didn’t respond to requests for comment.Read more: Covid-19 Is Bankrupting American Companies at a Relentless PaceFrontier Communications Corp., the telecom hurt by customers’ rejection of land lines, approved bonuses in February and filed in April. Frontier declined to comment.Retention PayoutsChesapeake also didn’t wait to file to before it made retention payouts to management, including CEO Doug Lawler, who’s been leading the shale driller since 2013. Chesapeake said in May that it intended to pay $25 million in bonuses to 21 executives while also requiring some of them to take salary cuts. The company sought bankruptcy protection in late June. Chesapeake declined to comment.Small-engine manufacturer Briggs & Stratton Corp. and Ascena Retail Group Inc., owner of women’s-wear chains Ann Taylor and Lane Bryant, weren’t in bankruptcy when they made sure to secure the services of their management teams.Briggs & Stratton skipped an interest payment last month while promising payouts to its CEO and chief financial officer. Ascena was negotiating a bankruptcy filing at the same time its executives received $2.7 million. Briggs & Stratton declined to comment. Ascena didn’t respond to requests for comment.“Board members want the people that know the business, know the assets of the company, know the nuances and facets of the business, and can leverage that understanding and knowledge to extract value going forward,” said Ian Keas, a principal at Pearl Meyer, an executive-compensation consulting firm.Supporters say boards need to determine what value the executives can bring to the bankruptcy process and not necessarily what they’ve done in the past.Jobless AmericansOpponents of the bonuses, however, don’t object only to the timing. They point to the vast number of unemployed Americans, stagnant wages for those still on the job and the dire health risks for many low-paid front-line workers. They say the bonuses look bad with the economy in a tailspin and not only cut into what creditors may be able to salvage, they’re also unfair to employees who can be victims of poor executive decisions.Another objection: rewarding executives who led companies down the path to bankruptcy, said Nell Minow, vice chair of ValueEdge Advisors, a shareholder-advisory firm.Stephen Spengler has been CEO of bankrupt satellite company Intelsat SA since 2015. He’s in line to get a $6.9 million bonus despite the Justice Department’s opposition to the incentive plan. Intelsat declined to comment.“They’re going to say they’re doing it for stability and consistency,” Minow said. “But when a company is heading toward bankruptcy, maybe stability and consistency should not be your priorities. Maybe it should be rethinking the company’s strategy.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Is This 20%-Yielding Energy Stock Too Good to Be True?
    Motley Fool

    Is This 20%-Yielding Energy Stock Too Good to Be True?

    While the market thinks Crestwood Equity Partners will cut its high-yielding dividend, the energy company's responses suggest otherwise.

  • Motley Fool

    How Fracking Went From Boom to Bust

    In this episode of Industry Focus: Energy, Nick Sciple chats with Bethany McLean, contributing editor at Vanity Fair and financial journalist widely known for writing on the Enron scandal and the global financial crisis. Finally, they talk about the important role of local journalism, her new book analyzing the United States' response to coronavirus, and much more. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.

  • U.S.News & World Report

    Stocks to Sell in July

    Chesapeake has run up debt of more than $9 billion, but the company has reached a deal with creditors to restructure and cut the debt amount by about $7 billion. The New York Stock Exchange has started the process for delisting the company's common stock and has in effect suspended trading for CHK.

  • Luckin Stock Faces Delisting — Look Elsewhere to Invest

    Luckin Stock Faces Delisting — Look Elsewhere to Invest

    On June 26th, Luckin Coffee (NASDAQ:LK) tumbled more than 50%. The company withdrew its request to make a case for continuing its listing on the Nasdaq. Luckin stock was pulverized, then suspended for trading on June 29th.Source: Keitma / It was not a good ending and certainly not the one that bulls were hoping to see. To be quite frank, I'm not sure what investors were looking for with this name. If they were going to pick over the scraps, they had to know it was pure speculation.To be fair, speculation can be completely fine -- so long as it is done in the right manner.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Speculation vs. InvestingBefore accounting issues were found, Luckin Coffee traded pretty well. Once the news was out though, many investors stepped aside. They have learned -- either the hard way or from others -- that accounting issues equals "no touch," and certainly not "go long." * 9 Florida Stocks to Avoid as Coronavirus Rates Spike We're in strange times, though. Bankruptcy stocks, like Chesapeake Energy (NYSE:CHK) and Hertz (NYSE:HTZ), have caught huge bids off the lows. While the rallies have been unsustained, one can see why some investors thought perhaps LK stock was worth holding.That's the difference between investing and speculating. Buying Hertz, Chesapeake or Luckin was buying into the hope that perhaps the stock would double, triple or become some sort of a multi-bagger.In other words, they are somewhat like call options. Meaning that they have the potential to go up several times the original investment, but they also have the potential -- and depending who you ask, the likelihood -- to go to zero.If done with low enough risk, speculation is fine. Because we have to remember these securities can become worthless and they can do so in the blink of an eye. As a result, risk management is virtually non-existent, with the exception of knowing that investors can wake up in the morning with these shares being worthless. Alternatives to LK Stock Click to EnlargeSource: Chart courtesy of StockCharts.comBack in May, I wrote the following on Luckin Coffee:"If I'm not long Luckin now, there's no way I'm buying this stock. Where there's smoke, there's fire. There's hundreds of quality stocks to own right now and one that just fell 80% on cooked books is not one of them."That's the simple truth, too. Of all of the great companies trading at a discount to where they were trading at the start of the year, why would investors go with a stock that just fell 80% on accounting issues?If coffee and China are the two ingredients one needs in their portfolio, why not consider Starbucks (NASDAQ:SBUX) instead? The company has a solid balance sheet, reputable and dependable management and steady growth.Well, it had steady growth before the novel coronavirus came around. By and large though, investors can count on this company. For starters, it's profitable, free cash flow positive and has sound financials.When it comes to 2020 though, the feeling is mixed. Analysts expect Starbucks to earn 90 cents per share this year. While good that it's expected to generate a profit, that result is down almost 70% vs. 2019's earnings results. The costs related to Covid-19 are building up, as revenue is forecast to fall just 12.5% this year.The U.S. is Starbucks' largest market, followed by China. The company committed to building hundreds of stores per year for several consecutive years in China, as the potential in this country was clear. It's why Luckin stock popped up out of nowhere, only to turn out to be a fraud.Starbucks could have a bumpy second half of 2020, but for the long term, this company will get it done for investors. In recent years, SBUX has made a larger commitment to the dividend and it shows. Shares now yield 2.23%, a generous payout compared to the 64 basis point yield of the 10-year Treasury bond.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long SBUX stock. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Luckin Stock Faces Delisting a€” Look Elsewhere to Invest appeared first on InvestorPlace.

  • Oil Markets On Edge As Second Wave Hits

    Oil Markets On Edge As Second Wave Hits

    While hopes of a global economic recovery have kept oil markets afloat, the fear of a second wave of COVID cases is threatening to send oil prices lower

  • Coronavirus update: Pandemic is ‘not even close to being over,’ says WHO head, urging better testing — and face masks

    Coronavirus update: Pandemic is ‘not even close to being over,’ says WHO head, urging better testing — and face masks

    The coronavirus pandemic is “not even close to being over,” according to the head of the World Health Organization, and the worst is still to come, in what was a grim assessment of the state of affairs some six months after the first cases were reported in China.

  • The Zacks Analyst Blog Highlights: Whiting Petroleum, Extraction OG, Chesapeake Energy and California Resources

    The Zacks Analyst Blog Highlights: Whiting Petroleum, Extraction OG, Chesapeake Energy and California Resources

    The Zacks Analyst Blog Highlights: Whiting Petroleum, Extraction OG, Chesapeake Energy and California Resources

  • Oil & Gas Stock Roundup: Chesapeake's Bankruptcy, Eni's Renewable Push & More

    Oil & Gas Stock Roundup: Chesapeake's Bankruptcy, Eni's Renewable Push & More

    The long struggling shale pioneer Chesapeake Energy (CHK) filed for Chapter 11 bankruptcy protection, while Italy's Eni SpA (E) acquired three wind farm projects.

  • How Chesapeake Energy's Bankruptcy Could Affect Pipeline Stocks
    Motley Fool

    How Chesapeake Energy's Bankruptcy Could Affect Pipeline Stocks

    The newly bankrupt oil and gas producer wants to restructure both its debt and legacy contractual obligations.

  • MarketWatch

    Chesapeake Energy gets bankruptcy court approval for $925 million DIP loan

    Chesapeake Energy Corp. said Tuesday a bankruptcy court has approved its $925 million debtor-in-possession financing, a special loan used in bankruptcy proceedings that the company secured from lenders under its revolving credit facility. The pioneer in fracking filed for Chapter 11 protection on Sunday. The U.S. Bankruptcy Court for the Southern District of Texas also approved a variety of "first-day" relief, allowing it to pay owner royalties, employee wages and benefits and to pay certain vendors and suppliers. The company will use the bankruptcy process to bolster its balance sheet and restructure debt to get to a more sustainable capital structure. The company said in its bankruptcy petition that it has $16.2 billion in assets and $11.8 billion in debt.

  • Coronavirus update: Global COVID-19 case tally tops 10 million and Florida, South Carolina and Nevada set daily records

    Coronavirus update: Global COVID-19 case tally tops 10 million and Florida, South Carolina and Nevada set daily records

    The number of confirmed cases of the coronavirus illness COVID-19 topped 10 million around the world and the death toll surpassed a half million over the weekend, and Florida, South Carolina and Nevada all recorded their highest number of new infections in a single day.

  • Oil Price Fundamental Daily Forecast – Bearish Factors Piling Up Ahead of API Inventories Report
    FX Empire

    Oil Price Fundamental Daily Forecast – Bearish Factors Piling Up Ahead of API Inventories Report

    Prices could fall sharply lower if there is another inventory build because of the already existing oversupply concerns.

  • 5 Russian and Asian Energy Stocks With High Profitability, Business Predictability

    5 Russian and Asian Energy Stocks With High Profitability, Business Predictability

    Chesapeake Energy files for bankruptcy while Brent crude soars on strong Eurasian economic data Continue reading...

  • Moody's

    Chesapeake Energy Corporation -- Moody's downgrades Chesapeake's PDR to D-PD on bankruptcy filing

    Moody's Investors Service (Moody's) downgraded Chesapeake Energy Corporation's (Chesapeake) Probability of Default Rating (PDR) to D-PD from Ca-PD. Shortly following this rating action, Moody's will withdraw all of Chesapeake's ratings.

  • Chesapeake’s Collapse Is Latest in Long Line of Shale Busts

    Chesapeake’s Collapse Is Latest in Long Line of Shale Busts

    (Bloomberg) -- The shale bust has reached a grim milestone by claiming the pioneer of America’s drilling renaissance. But Chesapeake Energy Corp., which filed for bankruptcy protection on Sunday, is just the latest in a long list of casualties.More than 200 North American oil and gas producers, owing over $130 billion in debt, have filed for bankruptcy since the beginning of 2015, according to a May report from law firm Haynes & Boone. This month alone, seven oil and gas companies have gone under, tying December 2015 for the busiest on record after crude prices plunged amid the Covid-19 pandemic, according to data compiled by Bloomberg.The shale boom spearheaded by the likes of Chesapeake a decade ago was fueled by debt. Profitability and shareholder returns have been consistently disappointing, and investors had already grown wary of throwing more money into shale before this year’s oil crash. The rate of default on high-yield energy debt stood at 11%, Fitch Ratings said in a June 11 report, the highest level since April 2017.Here are a handful other notable shale bankruptcies so far this year:Whiting PetroleumAn oil explorer focused on the Bakken Shale in North Dakota, Whiting Petroleum Corp. was already facing headwinds prior to 2020. Last year, the Denver-based company announced it would fire a third of its workforce and scale back production targets after posting a surprise quarterly loss.Crude prices had their worst quarter ever in the first three months of 2020, with oil heavyweights Saudi Arabia and Russia failing to agree on supply cuts just as worldwide lockdowns wiped out demand for fuel. That was enough to push Whiting, saddled with $3.6 billion in debt, into bankruptcy on April 1.But not before the board approved $14.6 million in cash bonuses for top executives in order to “ensure the stability and continuity of the company’s workforce and eliminate any potential misalignment of interests that would likely arise if existing performance metrics were retained,” the company said in a filing the same day it filed for Chapter 11 protection.Extraction Oil & GasAnother Colorado driller, Extraction Oil & Gas Inc. focused exclusively on the Denver-Julesburg Basin in the Rockies. It filed for Chapter 11 on June 15, offering to ease its debt burden of roughly $1.5 billion by giving note holders 97% of new common stock to be issued.Extraction had withdrawn its 2020 guidance in May and warned it may have to file for bankruptcy. Then, in early June, the company announced plans to pay 16 executives and senior managers a total of $6.7 million in return for staying with Extraction ahead of a possible default on its bond payments.Ultra PetroleumOnce wasn’t enough.Ultra Petroleum Corp. filed for its second bankruptcy in May, four years after its first. Listing $2.56 billion in debt and $1.45 billion in assets in its Chapter 11 filing, the Englewood, Colorado, driller reached a deal with most of its senior creditors that would slash $2 billion in debt, while looking to restructure within three months.In its struggles to stay afloat, Ultra went so far as to suspend its drilling program in January to bolster free cash flow and focus on paying down debt. The explorer first filed for bankruptcy in 2016 and emerged the following year, just as the shale patch was beginning to crawl out of what had been the worst oil industry crash in a generation -- until this year.Sable Permian ResourcesSoon after his ouster from Chesapeake in 2013, co-founder Aubrey McClendon went to work building a new empire, American Energy Partners. But after McClendon died in a car crash three years later, the company shut down.Part of that business, American Energy - Permian Basin, merged with Sable Permian Resources LLC last year. That particular business was widely seen as having among the best assets of a half dozen oil-and-gas acquisition vehicles that McClendon set up during his brief tenure at American Energy Partners.Sable filed for bankruptcy last week in Houston alongside affiliates, listing at least $1 billion of assets and liabilities each.Lilis EnergyThe Permian explorer Lilis Energy Inc. followed right on the heels of Chesapeake, filing for bankruptcy protection on Monday.The company said it was a victim of the coronavirus-induced downturn. Lilis was struggling even before the pandemic, warning in January that it might default after lenders slashed its credit line.“Like many companies in the oil and gas industry, we have been impacted by the severe downturn in commodity prices throughout the Covid-19 pandemic,” Joseph C. Daches, Lilis’s chief executive officer, said in a statement announcing the filing.(Updates with June bankruptcies in 2nd paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Chesapeake Energy files for bankruptcy on COVID-19 impact, rising debt
    Yahoo Finance Video

    Chesapeake Energy files for bankruptcy on COVID-19 impact, rising debt

    Chesapeake Energy filed for Chapter 11 bankruptcy on Sunday. Yahoo Finance’s Jared Blikre discusses.

  • Oil Gains Ground As Traders Shrug Off Virus Fears
    FX Empire

    Oil Gains Ground As Traders Shrug Off Virus Fears

    Oil continues its attempts to test the $40 level again.

  • Shale giant Chesapeake Energy files for bankruptcy
    Yahoo Finance Video

    Shale giant Chesapeake Energy files for bankruptcy

    Trailblazer Chesapeake Energy filed for bankruptcy on Sunday after the overall oil market took a major hit amid the coronavirus pandemic. Yahoo Finance's Emily McCormick joins The First Trade to discuss.

  • Chesapeake asks to cancel pipeline contracts, sets drilling cuts

    Chesapeake asks to cancel pipeline contracts, sets drilling cuts

    Chesapeake Energy Corp on Monday sought bankruptcy court approval to cancel $311 million in pipeline contracts, setting up a battle with U.S. regulators and operators including Energy Transfer LP, according to court filings. The company separately said in a filing it plans to operate six to eight drilling rigs for the next two years, about half the 14 rigs active on average in the first quarter, as it battles a historic downturn in oil prices. The shale pioneer wants to walk away from contracts with units of Energy Transfer, Boardwalk Pipelines, and a Crestwood Equity Partners and Consolidated Edison gas joint venture.

  • The Final Chapter of Chesapeake Energy Story?

    The Final Chapter of Chesapeake Energy Story?

    Finding difficulties in dealing with its now $10 billion in debt, fracking pioneer Chesapeake Energy (CHK) has announced it is filing for Chapter 11 bankruptcy protection.

  • Reuters

    Bankrupt Chesapeake plans to cut drilling further this year

    Bankrupt Chesapeake Energy on Monday laid out its long-term plan and said it would operate just around half the number of active rigs through the second half of the year than it did in the first quarter. Chesapeake on Sunday became the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debt and the impact of the coronavirus outbreak on energy markets. Chesapeake was operating 15 rigs on average in the fourth quarter last year before the coronavirus pandemic sapped fuel demand and roiled the energy markets.

  • Chesapeake Energy Files Chapter 11

    Chesapeake Energy Files Chapter 11

    Chesapeake Energy Files Chapter 11

  • Chesapeake Pushed Into Bankruptcy by Plunging Energy Prices

    Chesapeake Pushed Into Bankruptcy by Plunging Energy Prices

    (Bloomberg) -- Chesapeake Energy Corp., the archetype for America’s extraordinary shale-gas fortunes, filed for bankruptcy, becoming one of the biggest victims of a spectacular collapse in energy demand from the virus-induced global lockdown.The Oklahoma City-based company filed for Chapter 11 protection from creditors in U.S. Bankruptcy Court in the Southern District of Texas on Sunday, listing assets and liabilities in the range of $10 billion and $50 billion, and more than 100,000 creditors.The company also entered into an agreement to eliminate about $7 billion in debt and secure $925 million in debtor-in-possession financing.“We are fundamentally resetting Chesapeake’s capital structure and business to address our legacy financial weaknesses and capitalize on our substantial operational strengths,” Chief Executive Officer Doug Lawler said in a statement.Chesapeake is, to a certain extent, victim of the success both it and its peers had in extracting huge volumes of gas from previously hard-to-exploit shale basins. While that turned the U.S. into a global supplier of the fuel to rival any other, it also contributed to a glut that weighed on prices. Natural-gas futures in New York traded last week at a 25-year low.But the gas market is only part of the story. Earlier in its history, under the direction of its late co-founder Aubrey McClendon, a colorful and outspoken advocate for the natural gas industry, Chesapeake expanded aggressively. The heavy debt load it acquired in the process was a burden it ultimately couldn’t shake off.About a decade ago, Chesapeake was a $37.5 billion giant at the forefront of the fracking revolution that transformed the U.S. oil and gas industry. The company cut eye-popping checks to Fort Worth businesses and residents as inducements to drill on their land in the Barnett Shale of North Texas, America’s first shale field to hit the big time.U.S. natural gas slumped after the 2008 financial crisis as the frackers overwhelmed demand, and prices still haven’t revisited their previous highs. Investors soured on Chesapeake, which by that point wasn’t only debt-laden but saddled with a real estate empire that included shopping centers, a church, and a grocery store. McClendon was ousted in 2013 and died in an auto accident three years later.In subsequent years, management sought to compensate for the decline in its gas fortunes by shifting into oil exploration as fracking turned the U.S. into the world’s largest producer of crude as well as a major exporter. However, any optimism about that strategy evaporated with oil’s recent price collapse amid the Covid-19 pandemic.Despite the company’s efforts over the years to address leverage and profitability, “the recent and dramatic drop in commodity prices and resulting tightening of the credit markets have frustrated the Debtors’ ability to further deleverage absent a chapter 11 proceeding,” Chief Financial Officer Domenic J. Dell’Osso said in a declaration in support of the bankruptcy filings.Lawler took over Chesapeake in 2013 with an aim of reducing its debt load that was larger than Exxon Mobil Corp.’s, a company 29 times Chesapeake’s market value at the time. He had counted on capital spending cuts and asset sales to cover debt obligations. The company was in talks last year with Jerry Jones, the billionaire Dallas Cowboys owner, about a $1 billion sale of shale assets, but no deal resulted.In May, Lawler was forced to discard his company’s full-year outlook and write down the value of $8.5 billion in assets as energy demand tumbled amid the Covid-19 lockdown. By then, the producer’s market value had dropped to less than $200 million. The company had about 2,300 employees at the end of last year.“Despite having removed over $20 billion of leverage and financial commitments, we believe this restructuring is necessary for the long-term success and value creation of the business,” Lawler said Sunday.Chesapeake shares were halted during early trading Monday.The bankruptcy follows that of another highflier in the U.S. oil patch, Whiting Petroleum Corp., which filed for Chapter 11 at the start of April after championing what was once the premiere U.S. shale field, the Bakken of North Dakota.The case is Chesapeake Energy Corp., 20-33233, U.S. Bankruptcy Court, Southern District of Texas(Updates with share-trading halt in third-last paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Chesapeake (CHK) Files for Bankruptcy Amid Low Gas Prices

    Chesapeake (CHK) Files for Bankruptcy Amid Low Gas Prices

    Chesapeake Energy (CHK) is likely to emerge from the Chapter 11 process on the back of its diverse operating platform, and improving capital and operating efficiencies.