http://oilgeopolitics.net/The company is in the midst of a major asset sale of an estimated $6.9 billion to lower debt, including oil and gasfields covering roughly 2.4 million acres. It must invest heavily in drilling new wells to deliver the increased production of more lucrative oil and natural gas liquids, if it is to avoid bankruptcy. [34] As one critical analyst of Chesapeake put it, “the company’s complex accounting methods make it almost impossible for analysts and stockholders to determine what the risks really are. The fact that the CEO is taking out billion-dollar loans and not openly disclosing them only furthers the perception that everything is not as it appears at Chesapeake – that the company is Enron with drilling rigs.” [35]
The much-touted shale gas revolution in the USA is collapsing along with the stock shares of Chesapeake and other key players.
LONG PAST TIME, FED & WALL STREET JACK THE RIPPERS, OUT OUT DAMN SPOTS! ~CHI
https://citizenlab.org/storage/finfisher/final/fortheireyesonly.pdf
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