CHK - Chesapeake Energy Corporation - Page 42

Goldman, Jefferies lend USD3bn to Chesapeake Energy
6 hours 49 minutes ago - M2 via Comtex

14 May 2012 - Goldman Sachs Bank USA and affiliates of Jefferies Group Inc (NYSE:JEF) have extended a USD3bn (EUR2.3bn) unsecured loan to Chesapeake Energy Corp (NYSE:CHK), the US natural gas producer said on Friday. The loan expires on 2 December 2017. Borrowings carry an initial variable annual interest rate of LIBOR plus 7.0% until the end of 2012. The current rate is 8.5%, in view of the 1.5% LIBOR floor in the loan accord, Chesapeake noted. The company said that it would deploy the fresh capital for repayment of amounts due under its existing revolver. Chesapeake plans to shed assets for up to USD11.5bn in the third quarter of this year and pay back the new loan with proceeds from the sale. The new facility may be repaid at par, with no penalties, until 31 December 2012. The move boosts Chesapeake's financial flexibility as it proceeds with asset offloads this year, the borrower's chairman and CEO, Aubrey McClendon, said. The new loan ranks on par with the firm's outstanding senior notes. Chesapeake Energy Corp was founded in 1989 and is based in Oklahoma City, Oklahoma. The company zeroes in on discovering and developing unconventional natural gas and oil fields onshore in the United States.

also on cnbc that they are selling multi billions in assets

makes sense and...makes me think that 10 is a good entry...if it actually gets that low...hmmmm

making me want to sell today at a $200 loss.......... a short time ago i would have never imagined this at 10

well its far from there yet...mayb a bounce to get even or so...but sometimes a lil loss can be a gain considering the bigger loss that mat be coming....or increase the time you plan on holding to get back in the green

good point.... i should have set a stop and gotten in lower. its tough to make decision with the crazy volatility and swings. i guess the best option is to wait for a bounce and get out, or average down if it gets smashed and extend my expected holding time. which ever comes first will prob be the best decision.  

just nothing hasty...i just added to my long play watch....but any quick pops may be a good chance to get out...then wait and see what sup...then play again when it looks clearer...IMO...we'll see tho ...i'll be watching for a bit...glty

when you have a CEO who looks out for himself before the company, this is what happens....actually sounds like our last 3 Presidents.....

I still have some hopes for CHK, I guess I like the underdog, but they have been unfairly punished here in the short term imo.

I havent looked at there balance sheet but this is a 10.5b company by market cap. Either way this will bounce because its chesapeake and for whatever reason people are dumb bullish on it.

That DB CRAMER dropped the "sell chk"  hate that guy!

 

http://wallstcheatsheet.com/investing/jim-cramer-stock-watch-buy-disney-and-dominos-sell-chesapeake-energy.html/
 

Icahn reports 7.56% stake in Chesapeake Energy

 

13 min ago

-

I-cahn

He-cahn

We-all-can

 

Seriously though, didn't he lose his ass on something recently?

carl will destroy this company...tear it apart and turn it into shit...

 

watch for some amazing gains however

Been on fire the last couple of days...
 

looking good!!!!!!!!!!!

i holding some at $18.50... and now debating if i should sell into this strength and get out soon then take a minimal loss, and put it into something else / or try to buy lower..... OR just hold and hope it keeps going back up and break even or make a little...........  

Chesapeake up on deal talk, energy stocks jump 

By Steve Gelsi 
Jun 6, 2012 12:26:16 (ET)

NEW YORK (MarketWatch) -- A triple-digit advance by the Dow Jones Industrial Average ignited generous gains in the energy sector on Wednesday, while Chesapeake Energy Corp. rose on a report it is in talks to sell its pipeline unit for $4 billion.

A healthy 2% rise in crude oil prices also underpinned gains in the energy sector.

Chesapeake Energy (CHK, Trade ) rallied 7.2% as one of the top gainers in the S&P 500 Index (SPX ). Bloomberg reported that Chesapeake is in talks to sell its pipelines for $4 billion to Global Infrastructure Partners.

Chesapeake is in advanced discussions to sell its entire stake in Chesapeake Midstream Partners LP (CHKM, Trade ) to the $10 billion infrastructure fund manager, according to the report.

At midday in the broad energy sector, Exxon Mobil (XOM, Trade ) rose 2.3% and Chevron Corp. (CVX, Trade ) advanced by 2.6%. The two oil companies are components of the Dow industrials ($INDU ), which rallied 215 points.

Energy stocks in the S&P 500 (SPX ) rose 3%, on average, outshining all other sub-sectors. Components First Solar Inc. (FSLR, Trade ) jumped 7.2%, Pioneer Natural Resources (PXD, Trade ) added 5.5% and Phillips 66 (PSX, Trade ) rose 6.4%.

Among the broad energy sector benchmarks, the Philadelphia Oil Service Index (OSX ) rose 2.8% and the NYSE Arca Oil Index moved up by 2.9%. The NYSE Arca Natural Gas Index rose 2.7%.

The Shaw Group Inc. (SHAW, Trade ) has pledged to invest up to $50.4 million in cash and pay an undisclosed sum to acquire up to 50% of NET Power LLC as part of a plan to build a new type of natural gas-fired power plant.

Plans call for construction and commissioning by mid-2014 of a 25-megawatt natural-gas plant that will capture all emissions and generate revenue from the sale of electricity and carbon dioxide for enhanced oil recovery.

Based in Durham, N.C., NET Power LLC is owned by 8 Rivers Capital LLC. Part of NET Power is owned by Duke University. Independent power producer

Exelon Group Inc. (EXC, Trade ) will provide and obtain permitting for a testing site, and commission the facility. Exelon will also hold options for the first full-scale commercial plants in the future.

CHK's having a nice run......

anyone plan on holding this? im debating getting out with a small profit.... not sure if it will drop again. 

Edited by Brandon L - 6/20/12 at 3:24pm

Bought in today at $18.97.  Plan on selling around $20 or so depending on how CHK is feeling that day.

did you sell? im thinking about selling....