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The only thing I see from your post is "Withdraws guidance and...

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tt2000

4,684 Posts.

1231

13/05/20

21:39

Post #: 44606158
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Originally posted by cmonaussie ↑

How's the news out of CHK.
>$8B impairment on Assets leading to negative Equity on BS of about $4B
Which leads to a Net income Loss of $8.3B or about $850/share
Derivative gains of $900M and CFO of $400M
Withdraws guidance and will not hold conf call to discuss Q1
Notes in 10Q that as of Mar 31 they are in compliance with all covenants (including the 4.25X EBITDAX leverage ratio)

And yet they have circled the wagons and about to file a CH 11 reorganization plan (the is no way out this time IMO).

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The only thing I see from your post is
"Withdraws guidance and will not hold conf call to discuss Q1"

And who else do we know that has done this.

Maybe Eric too busy filling a Ch11 reorganisation plan too.... at least he timed the move well....

SEA Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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