Why no delisting for CHK??

[Nobert]

CHK could maybe get bought

#1 - you're betting, because noone knows that in here.

come back one day?

# 2- you're betting on garbage ;
half of the time - it's loosing money & loosing big.
https://www.macrotrends.net/stocks/charts/CHK/chesapeake-energy/net-income
Can't come up with rational reason, why would someone buy it out;

meanwhile, there is 8000(overall) other tickers & way better things in basic materials sector :
https://www.finviz.com/screener.ashx?v=111&f=ind_independentoilgas&o=-price

My 2 cent's - i would skip the whole industry/sector overall. Unless one has specific knowledge in it.
Otherwise, the fairy tale stories about new potential drilling fields, with unlimited oil reserves beneath those and when it turns out, that there's only 1 cup of coffee under that plant.

 

[Sig]

CHK could maybe get bought and come back one day?

If it "get bought" then by definition you would no longer own shares in it, and therefore if it came back or not would be irrelevant to you.

But why would anyone buy something that has a huge negative enterprise value, as CHK does at the moment, and is almost certainly going to default on its debt. Far more efficient to buy that debt for pennies on the dollar and then you own the assets free and clear after chapter 11.

 

[lightninboy]

What's the deal with JCP then?

 

[Nobert]

What's the deal with JCP then?

It's a garbage as well, at this pace - will run out of money soon and game over in 1 - 3 years i guess.

But who knows, yet, me - i would never touch it.

Something better instead, i made this list recently :
https://www.elitetrader.com/et/threads/thats-a-nice-lake-part-1.343269/

An updated version is in the bottom,
- better direct your interest into those companies ;
maybe you will find something for your taste & the best part, 90% of those, has 10x better fundamentals than this junk of CHK & JCP.

Good hunting

 

[tradingpoker]

 

[tradingpoker]

You might want to put CHK on your watch list. It would be like a "cheap option with no expiration date". The oil war won't rage forever.

I remember when Mini Scribe (HDD maker offshoot of IBM?) traded down to $.31, and a couple of years later, $80.