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Chesapeake Energy Makes Tender Offer On Debt ! Shorts About To Get Smoked


Chespeake files a tender today.

Goldman Sachs running book.

Bullish for the company's long term outlook.

Today Chesapeake energy (NYSE:CHK) filed a tender offer to purchase up to $845.317M dollars in notes due in 2037 and 2038 respectively. This is a very bullish move by the company to retire debt. Investors can view the document in its entirety here.

The stock price is up 7.5% today and in my opinion has a long way to run. Last week I wrote an article stating that Chesapeake was going to $10 a share and shared my view that the CEO Robert Lawler was doing a heck of a job in navigating some tough waters...