Chesapeake Energy Corp (CHKAQ)
$4.85 0.00 (0.00%)
16:41 EDT CHKAQ Stock Quote Delayed 30 Minutes
Previous Close $4.85
Market Cap -
PE Ratio -
Volume (Avg. Vol.) 57,100
Day's Range 4.52 - 4.85
52-Week Range 3.50 - 9.40
Dividend & Yield N/A (N/A)
CHKAQ Stock Predictions, Articles, and Chesapeake Energy Corp News
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By Ian Cooper
There’s also no certainty of survival down the road for Chesapeake Energy stock – at least, not near term. Stay far away from the stock.
Chesapeake was staggered by the pandemic and an oil price war, and after bankruptcy Chesapeake Energy stock is a risky bet.
The road ahead looks really rough for Chesapeake Energy stock. If you're a contrarian, however, this may be an interesting play.
It'd be one thing if Chesapeake was the lone offender in the oil and gas business. What I mean is that, believe it or not, it'd be more encouraging if the broader industry was strong and Chesapeake's woes were company-specific.
CHK stock didn’t just lose its ticker symbol during this crisis. It also lost a huge chunk of relevancy, something that might not return.
Despite the certainty that Chesapeake stock will be worthless when the company exits bankruptcy, there are still some investors trying to game the stock.
Though the occasional bullishness in Chesapeake stock may surprise you, it shouldn’t. It’s part of an old speculative fervor that’s just taking a new generation of gamblers along for a ride.
Government filings suggest that Chesapeake stock will soon be worthless. Traders should take heed of that warning.
By Thomas Niel
Once bankruptcy is complete, Chesapeake stock is headed to zero. Investors should sell now, while there's still some value left to salvage.
Chesapeake Energy finally declared bankruptcy. For the sake of your portfolio, please don’t try anything cute with CHK stock.
From The Motley Fool