[Pearls Before Swine]

To be fair, Chesapeake was highly leveraged and in deep trouble before COVID-19.

[bakkentom]

CHK had large legacy debt it carried. Most in come from natural gas in marcellus.

Then in early 2019 did a merger with Wildhorse in the Eagle Ford to expand d into crude oil. Tried to manage the 9 billion plus in debt. Then oil crashed.

[DallasGal]

I was going to say the same thing. This is not a surprise.

[Rebelbase]

Wasn’t Chesapeake the one that bought up a gazillion acres of shale leases back in the 2000’s?

[TribalPrincess2U]

There goes my future billions! /s

[ptsal]

Flashy management

[rollo tomasi]

Where where they leverage at (Please do not say green energy, lol)? Just asking because running an energy company into the ground with a high velocity of demand seems difficult to do.

[rollo tomasi]

where did that extra “h” come from, sorry about that should be “were”.

[caww]

....”Chesapeake was highly leveraged and in deep trouble before COVID-19”.....

True ....