Get the latest Chesapeake Energy Corporation CHK detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. However, McClendon stepped down in 2013, as investigations swirled into possible antitrust violations, and later died in a car accident. View Chesapeake Energy Corporation CHK investment & stock information. As CEO McClendon snapped up drilling land across the United States in a belief that gas prices would stay high. The company will have around $100 million in interest payments annually, down from $650 million in 2019, Thieroff said.Ĭhesapeake was founded in 1989 by wildcatters Aubrey McClendon and Tom Ward. That makes future oil investments most likely instead in its Brazos Valley field in Central Texas it bought from WildHorse, which has cheaper transportation costs, said John Thieroff, vice president at debt rating firm Moody's Investors Service. Investors can now buy CHK stock on the Nasdaq Exchange, as the energy company has emerged. Two of Chesapeake's oilfields in South Texas and in the Powder River Basin in Wyoming have kept their costly gas transportation agreements despite the bankruptcy. shale producer Chesapeake Energy (NASDAQ: CHK) has received a new lease on life. "We were never able to invest in our assets to the benefit of our shareholders," he said.Ĭhesapeake last week dismissed 220 workers, or 15% of its workforce, and said raised $1 billion in new debt to complete its bankruptcy exit. That "led us to make decisions that weren't always the best," said Lawler, who took over the firm in 2013. Permian Resources has a consensus price target of 10.57, indicating a potential. It was unable to invest enough in operations to turn a profit while simultaneously paying down $9 billion in debt. Chesapeake Energy currently has a consensus price target of 105.83, indicating a potential upside of 1.22. It aims to spend between $700 million and $750 million per year on new projects that could generate $400 million in annual free cash flow, he said.Ĭhesapeake filed for court protection last June and won approval last month for a plan that shed about $7.7 billion in debt. CHK, CHK, Chesapeake Energy Corporation stock technical analysis with charts, breakout and price targets, support and resistance.
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