Chesapeake hires restructuring firm, stocks drop
Tuesday, February 9, 2016
According to Pittsburgh Post-Gazette PowerSource, Chesapeake Energy Corp.’s stock fell 33 percent yesterday from a $2.05 per share at closing on Friday, after reports that the company had hired a restructuring firm were released.
Yesterday, Chesapeake announced that it was not going to seek bankruptcy protection, even though it is working to manage debt. Read more from Pittsburgh Post-Gazette PowerSource here: Chesapeake’s stock plummets on news it hired restructuring firm
Recent Chesapeake news:
- Chesapeake leads Standard & Poor’s 500 Index loser ranking for 2015 Dec. 30, 2015
- Another lawsuit filed against Chesapeake in Pennsylvania Dec. 15, 2015
- Lawsuit filed against Chesapeake in Marcellus Dec. 8, 2015
- Lawsuits seek class action status against Chesapeake Exploration Nov. 10, 2015
- Chesapeake cuts over 700 jobs Oct. 2, 2015
- Chesapeake announces Utica gas gathering agreements with Williams Sept. 11, 2015
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