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CHKDG - Chesapeake Energy: EBITDAX Roars Ahead But Suspicions Remain
Chesapeake Energy Corp. 5% Pfd Conv
In more normal circumstances, Chesapeake Energy (CHK) would have been lauded for the EBITDA progress made in the current quarter. Management got rid of debt this past year through a debt for equity swap followed by another debt swap. But things are far from normal. The market is focused on a virus and the deteriorating commodity price situation. Never mind that most virus fears rarely, if ever, come close to fruition at market-imagined catastrophic levels. Instead, there is normally about a month of panic with some minor disruptions and then it's on to