Chesapeake Energy files for bankruptcy protection on low energy demand - Business Insider

filed for bankruptcy on Sunday, making it the biggest casualty among US energy giants as the coronavirus pandemic upends the oil industry.

Doug Lawler, CEO since 2013, was made to lead the company at a time when it was already overburdened with about $13 billion debt.Jefferies says buy these 14 cheap stocks that are financially strong and positioned for market-beating returns Chesapeake plans to do away with $7 billion of its debt, according to the filing, and will operate ordinarily during the Chapter 11 process.

Oil price will boom after the corona died

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