Chesapeake Energy on conference call says it market reaction to 10-Q issue was ‘so extreme’ so they wanted to get loan done on Friday afternoon and host conference call this morning
Chesapeake Energy on conference call says it does not know exactly how much it has drawn on its $4 bln revolver before it received the $3 bln loan, but says it was probably ‘north of $3 bln’
Chesapeake Energy on conference call says it ‘would not be surprised’ if Carl Icahn would become a large shareholder
Chesapeake Energy on conference call says it will cut 80% of third party land brokers
Chesapeake Energy on conference call says Eagle Ford Production deal will be delayed or cancelled; Was going to generate $1 bln
Chesapeake Energy on conference call says it still expects to sell assets in 2013 and be cash flow positive in 2014; says remaining assets will worth between $50-60 bln; says asset values will be ‘significantly higher when gas prices improve’
If you enjoy the content at iBankCoin, please follow us on Twitter