$CHK $CRK Given winter forecasts ars predicting a less cold winter..... Chesapeake has 2 options to get SP above $1. 1. An asset sale to Comstock or Saudi's at a bargain, which they are reluctant to do.... Or 2. Reverse split ( that wont happen until after June 2020) if discussed and approved at next shareholder meeting. IMO, since financing is secured for 2020, board will opt for RS rather than sell assets at fire sale price. One ace in the hole for shareholders is that mgmt owns a lot of shares and a RS would slightly devalue them - with the ensuing selloff that RS's usually bring. Thought??? (- support your reasoning)
  • 2
  • 18