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CHKDG - Chesapeake Energy Corporation May Reach An Agreement With Lenders Ahead Of Q2 2020
Chesapeake Energy Corp. 5% Pfd Conv
Chesapeake Energy Corp.'s (NYSE: CHK) stock rose by 9.01% on June 12th, 2020 to close at $19.23 after Brent crude price jumped 0.47% post-trading day. Pre-market trading on June 18, 2020, the stock fell 31.15% to open at $13.24. Analysts have been skeptical, some spelling doom for the oil company, with fears mounting that it is on the verge of bankruptcy. The 1:200 (1-for-200) reverse stock split executed in April 2020 has given the company a lifeline not just from being de-listed but also to reconsider its standing with creditors.