When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
CHAP - Chaparral Energy: Solid Q4 2019 Results But Leverage Remains A Major Issue
Chaparral Energy Inc. Class A
Chaparral Energy's (CHAP) Q4 2019 report was solid, with production exceeding the top end of its guidance, while it also cut its G&A costs. It is also well hedged in 2020, allowing it to escape plunging oil prices without significant damage.
That being said, the oil price crash has made it even more challenging for Chaparral to deal with its 2023 notes (trading at 22 cents on the dollar). Chaparral is likely to cut capex if low prices persist, which would serve to limit its cash burn, but also keep it from growing towards