It’s also important to keep in mind that the company could be rescued by asset sales. Moreover, natural gas prices could get a boost from higher gas exports at the end of this year or the beginning of next year, if not sooner.
As a result, Chesapeake stock is back near its 52-week lowīut, on the positive side, Chesapeake may have been able to lock in $64+ per barrel oil prices for the rest of the year when they reached that level during the U.S.-Iran crisis at the beginning of the year. And since then, natural gas prices have plunged, while oil price have pulled back about 15%.
20 column, Chesapeake Energy issued a “going concern warning” late last year, essentially saying that it might go bankrupt. As another InvestorPlace columnist, Vince Martin, noted in his Dec.
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