The year has proven to be a volatile one for energy companies and their stocks, but the situation with CHK stock in recent days has been particularly brutal.
Over the course of the past few sessions, Chesapeake stock has crashed by as much as 50%, and much of the decline is due to Chesapeake Energy Corporation’s (NYSE:CHK) disappointing show in the Q3 2019 financial results. The headline figures were short of expectations, and the company expressed doubts about its ability to continue doing business, owing to its debt load.
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Source: MicroSmallCap
(November 13, 2019 - 1:22 PM EST)
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