Chesapeake Energy being bought out?

There are rumors of BP making a bid on Chesapeake and a Louisiana News Station reported Exxon's buying out of Chk. Any thoughts?

BP jumps; traders cite talk of bid for Chesapeake
Reuters - 2 hours ago
LONDON, Jan 26 (Reuters) - Shares in British energy group BP (BP.L) rose more than 3 percent on Monday as traders cited market talk that the company was ...
BP moves higher on market talk of possible Chesapeake bid
guardian.co.uk, UK - 3 hours ago
A buoyant stock market tends to bring out the rumours, and this afternoon is no exception. BP is 17.5p higher at 505p after traders heard tell it might be ...
Options Update: Chesapeake Energy Calls Popular on BP Buyout ...
Schaeffers Research, OH - 25 minutes ago
by Joseph Hargett (jhargett@sir-inc.com) 1/26/2009 1:15 PM Speculation is swirling around Chesapeake Energy (CHK: sentiment, chart, options) and British oil ...

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015334grltd9mPermalink Reply by 015334grltd9m on May 15, 2012 at 3:04pm

@Shoos , You ever heard of the"the value of debt?"

Permalink Reply by Betty on May 16, 2012 at 2:41am

Reads as if everyone agrees there is more downside to this company.  Found this on Seeking Alpha (don't think it's been posted here yet)   http://seekingalpha.com/article/587801-chesapeake-energy-corporatio...

It's a link to the transcript of a conference call dated May 14, 2012 at 8:30 am.  The call included McClendon, Dell'Osso (CFO of CHK), Jeffrey Mobley (Sr. VP, CHK) and 15 analysts from various companies to discuss CHK's assets sales and most recent 10Q.   It's rather lengthy and I haven't had a chance to review it yet.

Permalink Reply by Betty on May 16, 2012 at 1:26pm

so I actually read this -- 18 pages!!  Much of which is McClendon chatting up CHK and his decisions.  McClendon claims assets are worth $50-60 billion..  Also, McClendon says he is counting on his oil holdings to prop him up -- guess what?  oil hit the lowest price it  has been in 6 months.  (Some of the blame is being placed on the Greece debacle... but c'mon... summer time is just about here, even in North Central PA.   So wouldn't you guess that the price of oil will go down for a few months anyway? )  Meanwhile, McClendon has all  his rigs pumping oil and today gas futures are up.  I'm beginning to think this guy can't win for losing.   Maybe Midas has lost his touch??  And the news is that Icahn buying into CHK is bs  or at best is unconfirmed.

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