Chesapeake Shares Bounce On New Lifeline, But Outlook is Bleak
Chesapeake (NYSE: CHK) shares rebounded almost 15% after it announced a new loan of $1.5 billion. CHK stock price had hit the lowest level in the past twenty-five years last month. The share price decline was due to investor’s sentiments over the going concern warning. The company recently announced that it might not be able…