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PA v Chesapeake

  • 49 Replies
  • 1135 Views
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macal

  • 10512
Re: PA v Chesapeake
« Reply #15 on: November 08, 2019, 11:45:16 PM »

  Well Professor they are similiar. There is the quote from Lawlers lips. He by the way runs Chesapeake. These lenders weren't taking any chances. They get the wells if Chesapeake defaults.

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ghrit

  • 3838
  • Member since October 05, 2008
Re: PA v Chesapeake
« Reply #16 on: November 09, 2019, 07:53:10 AM »

  Well Professor they are similiar. There is the quote from Lawlers lips. He by the way runs Chesapeake. These lenders weren't taking any chances. They get the wells if Chesapeake defaults.
Who is "they"?
There are two kinds of ships.  Submarines and targets.
www.survivalmonkey.com

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macal

  • 10512
Re: PA v Chesapeake
« Reply #17 on: November 09, 2019, 08:16:34 AM »

  The lenders,of course.


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ghrit

  • 3838
  • Member since October 05, 2008
Re: PA v Chesapeake
« Reply #19 on: November 10, 2019, 10:56:45 AM »

  The lenders,of course.
OK, lemme see if I understand where you headed off.   ;)  Reference your posts on 11/08 at 0808, 1145 and 2000.  Taken together, it appears you are thinking that the company is taking out loans to drill and produce specific wells, and have offered the wells to the lenders as collateral.  'Bout right?  Then, following the logical path, if the producer fails to make payments on the individual well, the lender gets to take ownership of the well with the idea of possession of the well for default on what amounts to a commercial loan.

Absurd.  Laffin'.
There are two kinds of ships.  Submarines and targets.
www.survivalmonkey.com

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macal

  • 10512
Re: PA v Chesapeake
« Reply #20 on: November 10, 2019, 11:26:39 AM »

  Im saying existing wells were/are used as collateral for some loans the Chesapeake made. Now if CHK cant make the loan payments the collateral could be foreclosed on. Lawler even warned that if that happens it would decrease their cash flow and put other debt payments at risk.

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aubrey

  • 14991
  • NEWBIE
Re: PA v Chesapeake
« Reply #21 on: November 10, 2019, 12:27:11 PM »
how dare you g?

what right do you have to interfere with his attempts to steer public opinion on his very own forum?

never mind that nonsense about you living and paying taxes here! he claims that he was born here and that trumps anything you've got.

and just to show anyone who cares that he has more standing than you, he claims that he moved away! in so doing, he vastly improved the quality and character of the area, so how dare you!

anyone catch the protesters at the new lng plant? macal was the dweeb on the far left side of the group.

anyone following the new new lng plant developments?

anyone care about anything gas related anymore?

wj
CHANGE IT BACK!

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macal

  • 10512
Re: PA v Chesapeake
« Reply #22 on: November 10, 2019, 12:48:08 PM »

  We already have our LNG pipeline. Its called the Atlantic Sunrise. It takes my gas to Cove Point in Maryland. Its been going for about a year now.

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ghrit

  • 3838
  • Member since October 05, 2008
Re: PA v Chesapeake
« Reply #23 on: November 10, 2019, 01:19:03 PM »
how dare you g?

wj
Mortgaging individual wells or group of wells is beyond credible.
There are two kinds of ships.  Submarines and targets.
www.survivalmonkey.com

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macal

  • 10512
Re: PA v Chesapeake
« Reply #24 on: November 10, 2019, 02:34:36 PM »

  Still doing the research.

  McClendon has borrowed as much as $1.1 billion in the last three years by pledging his stake in the company's oil and natural gas wells as collateral, documents reviewed by Reuters show.

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riverrat

  • 1977
Re: PA v Chesapeake
« Reply #25 on: November 10, 2019, 02:50:11 PM »
"HIS  STAKE"

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ghrit

  • 3838
  • Member since October 05, 2008
Re: PA v Chesapeake
« Reply #26 on: November 10, 2019, 02:52:05 PM »

  Still doing the research.

  McClendon has borrowed as much as $1.1 billion in the last three years by pledging his stake in the company's oil and natural gas wells as collateral, documents reviewed by Reuters show.
That's legit.  Pledging individual wells is not a risk ANY lender would EVER take.  His stake was a world of different than a well or group of wells.  He bet the worth of the company, not the worth of a hole in the ground. 
Once again, your understanding of your own posts is deficient.
« Last Edit: November 10, 2019, 02:53:58 PM by ghrit »
There are two kinds of ships.  Submarines and targets.
www.survivalmonkey.com

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macal

  • 10512
Re: PA v Chesapeake
« Reply #27 on: November 10, 2019, 03:18:21 PM »

   You are wrong. Groups of wells are collatorized by lenders.

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riverrat

  • 1977
Re: PA v Chesapeake
« Reply #28 on: November 10, 2019, 06:28:04 PM »
again    "HIS STAKE"

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macal

  • 10512
Re: PA v Chesapeake
« Reply #29 on: November 11, 2019, 08:33:02 AM »

  Regardless, Chesapeake has collatorized much of its assets to obtain loans and lines of credit. If they do default and go into bankruptcy those liened assets most likely will go to the lenders. Probably not much left after that.