is Chesapeake energy going bankrupt.

[charliebrown]

This artilce is by bill powers.http://www.financialsense.com/contri...bankruptPowers talks about the ponzi game of buying gas acerage on the cheap, hyping the production numbers and trying to find another buyer.He also seems to think chespeake can't make it unless they can liquidate more assets at or good price, or they can produce a lot moreliquids.I'm not smart enough to know if his numbers add up. Seems reasonable at the 10,000 ft level.

[GRG55]

Re: is Chesapeake energy going bankrupt.

This artilce is by bill powers.http://www.financialsense.com/contri...bankruptPowers talks about the ponzi game of buying gas acerage on the cheap, hyping the production numbers and trying to find another buyer.He also seems to think chespeake can't make it unless they can liquidate more assets at or good price, or they can produce a lot moreliquids.I'm not smart enough to know if his numbers add up. Seems reasonable at the 10,000 ft level.

I haven't been following this specific company for a while...ever since management went wild and started stripping an excellent company for their own benefit, and the Board steadfastly refused to do anything about it.

However, I am quite sure we are going to see quite a number of US and Canadian natural gas companies go under this year...
R.