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.
Chesapeake Energy (CHK) has had a lot of debt for some time. Anyone who thought the latest announcement about a possible covenant violation was a surprise was not doing their homework. The minute this company took on bank debt as part of the acquisition of WildHorse Resource Development (WRD) with its bank lines as part of the financing (and slowly tightening financial covenants), there was a possibility of this happening.
The two key phrases are:
As of September 30, 2019, we were in compliance with all applicable financial covenants under the