I was looking around at today’s market news and saw that Chesapeake (CHK) dropped to $0.56. I did a little more research and saw the book value is currently $1.81 (https://finviz.com/quote.ashx?t=CHK). Does this company make it?
Where do you see oil prices for the next year? ZeroHedge (I know, I know) recently ran an article stating:
Chesapeake, for instance, recently warned it may not be able to continue as a “going concern” if low oil prices persist.
Down due to over supply seems the most likely path. I’m curious how this impacts the Tulsa economy if so.
Oh Oklahoma, pinning all of the state’s economic hopes on fossil fuels.
It’s about 14% of the personal income in the state. 86% comes from somewhere else.