Tuesday, November 30, 2021
51.7 F
Fort Worth

Chesapeake Energy

🕐 1 min read

Shares of Chesapeake Energy slumped in Monday trading after the company said in a regulatory filing that “management has concluded that there is substantial doubt about the company’s ability to continue as a going concern.” Demand for energy has plummeted during the outbreak, driving prices for crude and natural gas sharply lower.

On Monday, the Oklahoma City-based company said in its 10-Q filing it was considering a bankruptcy court restructuring of its over $9 billion debt. Also in the filing, made to the Securities and Exchange Commission, the company said thee was “substantial doubt about the company’s ability to continue as a growing concern.” Chesapeake Energy shares, traded on the NYSE under the CHK symbol, were at $12.90 late on Monday.

Related Articles


Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate