When I last weighed in on Chesapeake Energy (NYSE:CHK), I didn't see anything positive on the horizon for CHK stock investors. I wrote, "In my honest opinion you can find better stocks elsewhere. Chesapeake wont' recover."Source: Casimiro PT / Shutterstock.com That was on March 2, as the energy stock traded at just 27 cents. It's now at 19 cents, which isn't doing anything to convince me that Chesapeake can survive the year. Granted, it hired restructuring advisers Kirkland & Ellis LLP to help the company. However, "CHK's massive $9 billion in debt will likely not be able to be handled by the company in 2021," as highlighted by InvestorPlace contributor, Mark R. Hake CFA. Couple that with low energy prices, and it looks like the company is headed to bankruptcy.Worse, shareholders will vote on April 13 to approve a reverse stock split that could come in anywhere from 1:50 to 1:200....
Anthony Scaramucci sat down with Yahoo Finance’s Editor-In-Chief Andy Serwer to discuss how the markets are faring comparing the 2008 recession and the 2020 coronavirus pandemic....
The silver markets rallied significantly to test the $16.00 level again on Thursday as the Federal Reserve has decided to start buying almost anything they can. This even includes junk bonds which of course is a sign that the US dollar should soften....
