U.S. natural gas producer Chesapeake Energy Corporation (NYSE:CHK) tanked on Wall Street amid rumors of debt restructuring. Investors sent CHK stock from $3.06 to $2.02, a loss of more than 33%. Reuters said Chesapeake has asked the legal firm Kirkland & Ellis to study its debt options. (Source: "Chesapeake, after shares drop by half, says no to bankruptcy," Reuters, February 8, 2016.)
Chesapeake has debt exceeding $10.0 billion. The company assured investors it will resist.
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Chesapeake has debt exceeding $10.0 billion. The company assured investors it will resist.
Den vollständigen Artikel lesen ...