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backhoeboogie
Rancher
Joined: 13 Mar 2007
Posts: 2828
Location: Texas
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 Posted: Thu Oct 16, 2008 10:39 am Post subject: Chesapeake |
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They just filed bankruptcy. That ought to put a smile on Obama's face. You libs too.
There are a whole bunch of little farmers out there getting royalty checks off of mineral rights. What is going to happen for them? Obama, you libs, and the media will washed that part under the bridge. No need to discuss the real dominoes.
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alice
Rancher
Joined: 09 Sep 2008
Posts: 2422
Location: texas
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| Posted: Thu Oct 16, 2008 11:02 am Post subject: |
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Chesapeake? Yikes!
Alice
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backhoeboogie
Rancher
Joined: 13 Mar 2007
Posts: 2828
Location: Texas
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| Posted: Thu Oct 16, 2008 11:36 am Post subject: |
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| Direct contacts are saying chapter 11 but they cannot disclose much at the moment.
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per
Rancher
Joined: 22 Dec 2007
Posts: 6136
Location: SW Alberta
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| Posted: Thu Oct 16, 2008 11:43 am Post subject: |
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| Are you talking about Chesapeake Energy? They have some subsidiaries, is the parent?
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kolanuraven
Rancher
Joined: 27 Jul 2005
Posts: 9981
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| Posted: Thu Oct 16, 2008 11:47 am Post subject: |
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I just read where Chesp. Eng. just got a HUGE financial ' fix'.....
Chesapeake Energy gets facility for $460M
Chesapeake Energy obtains credit facility for initial $460M for natural-gas construction
October 16, 2008: 12:41 PM EST
NEW YORK (Associated Press) - Chesapeake Energy Corp. said Thursday it has obtained a new bank credit facility that will initially make $460 million available for funding capital expenditures.
The nation's largest producer of natural gas said the secured credit facility matures in October 2013 and may be expanded to as much as $750 million. It is for the company's Chesapeake Midstream Partners subsidiary, which plans to use it to partially fund construction of new gas gathering and other systems in various gas fields.
Twelve financial institutions participated in the credit facility, which was led by Wells Fargo Bank and RBS Securities Corp., Chesapeake Energy said in a news release.
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TexasBred
Rancher
Joined: 03 Mar 2008
Posts: 2923
Location: Heart of Texas
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| Posted: Thu Oct 16, 2008 3:50 pm Post subject: |
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| Their stock was up today. I know there CEO sold a huge amount of stock to meet margin calls. Don't think they've filed any bankrupcy tho.
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