Chesapeake Energy: Significant Positive Cash Flow Expected In 2020, Albeit With Asterisks

Chesapeake Energy: Significant Positive Cash Flow Expected In 2020, Albeit With Asterisks
Chesapeake Energy may be able to generate $161 million in positive cash flow in 2020 at current strip prices. This comes via hedges and below maintenance capex though, and its cash burn could be over $100 million without hedges and with a maintenance capex budget. Oil prices are decent for Chesapeake, but natural gas prices are well below what …
News story posted on 2020-01-07T10:31:00.0000000Z