CHKDG News and Press, Chesapeake Energy Corp. 5% Pfd Conv From 05/10/20

Markets have settled and recovered from the initial shock of the coronavirus spread and the response of governments around the US and the world to lock down the economy. But while the major US indices have approached, if not quite matched, the fabled v-shaped recovery, there are still plenty o...

I had expected in early February that Chesapeake Energy ( CHK ) would more likely restructure in 2021 than in 2020. Its hedges provided a fair amount of protection for 2020, but it had no hedges for 2021 (other than some sold calls that limited commodity pricing upside a bit). Therefore, the...

Over the last two months, we have seen one of the most interesting markets on record as we continue to see daily swings of -5%/+5% on a regular basis. Prior to all this craziness, we had avoided the preferred space because many of the shares in John and Jane's accounts were fully valued above ...

Given the strong reader reception to my recent Antero Resources article, " A Potential 5-Bagger Or A Zero ," this is a follow-up piece where I share some high-level modeling with the SA readership. Despite the exceptionally bullish natural gas setup for 2021, given that many U.S. oil shale p...

“If everybody indexed, the only word you could use is chaos, catastrophe…The markets would fail.” – John Bogle, May 2017 "I will go to my grave... believing that really loose monetary policy greatly contributed to the Financial Crisis. There were obviously ...

Several years ago, I correctly forecast that deep water drillers are doomed . Now, it's the shale oil companies' turn. Investors need to run from shale stocks as fast as they can. We are about to see a massive wave of shale oil bankruptcies by thieving executives who have borrowed agains...

Anyone who tried to sell short into the recent crude oil rally prompted by Donald Trump alluding to a 10 million barrel per day ("mmpd") coordinated cut to oil production has, at least for now, been run over by rampant market optimism. While many tend to levy criticism at Donald Trump and hi...

The coronavirus outbreak and the effects of COVID-19 have gone deeper and wider than most people would have expected. That applies just as much to markets as anywhere. Whether it's a tech sector that is supporting our new work from home or re-rating as expensive EV/Sales multiples make less se...

Williams Companies (NYSE: WMB ) is an almost $15 billion midstream company with a dividend yield of more than 13%. The company has been punished along with the broader midstream sell-off. That's despite the company's focus on natural gas, which not only will be able to avoid consumption decli...

I will go to my grave... believing that really loose monetary policy greatly contributed to the Financial Crisis. There were obviously problems with regulation, but when we had a 1% Fed Funds rate in 2003 after, to me, it was pretty obvious that the economy had turned (up) and I think the e...