Often called the energy market's "toll takers," they have long-term contracts with producers such as Chesapeake to move, process and store energy products, experts said. Many of these companies are master-limited partnerships, or MLPs. Chesapeake said
For Chesapeake Energy, attempts to shore up confidence have instead been akin to shouting “fire” in a crowded theater. Monday's share price plunge of as much as 50% was the latest mad dash for the exits. But, while there is no sugarcoating how
But no energy company is looking quite as beleaguered — or as toxic — as Chesapeake Energy (CHK – Get Report) . This stock is part of a group of distressed and "Stressed Out" stocks that TheStreet will be monitoring through these choppy markets.
On Monday, shares of oil and gas company Chesapeake Energy Corp (CHK – Analyst Report) are crashing in news that the company was looking at restructuring its debt amount. As of 10:34 AM EST, CHK is down over 42%. According to Reuters, people
On Monday, shares of oil and gas company Chesapeake Energy Corp (CHK – Analyst Report) are crashing in news that the company was looking at restructuring its debt amount. As of 10:34 AM EST, CHK is down over 42%. According to Reuters, people