We’ve been on bankruptcy watch for Chesapeake Energy for some time now. We told you yesterday that the company faced a $17 million debt payment deadline yesterday, and faces a $134 million bond interest payment on July 1 (see Doug Lawler Drilled Chesapeake’s Grave – Not Aubrey McClendon). If the company is going to declare bankruptcy, it will likely be very soon. Reuters, which is the best of the major mainstream news services (most reliable in many ways) is reporting sources are telling them the company is getting ready to file for bankruptcy “as soon as this week.”
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