Insight
Chesapeake's upcoming encore: post-bankruptcy expectations
Report summary
Chesapeake Energy is set to emerge from bankruptcy following a comprehensive restructuring. An unsustainable capital structure often overshadowed the quality of the asset base. By addressing two large anchors in midstream liabilities and interest charges, Chesapeake is better equipped to succeed in a market that demands cash-flow. The following insight explores the valuation and cash flow outlook for the recast company, addresses key go forward considerations, and assesses the post-restructuring ownership and creditor recovery.
Table of contents
- Valuation
- Cash flow outlook
- Exit valuation and financing
- Creditor equity conversion
- Cost of capital considerations
Tables and charts
This report includes 13 images and tables including:
- Exit enterprise value vs WM NPV10
- Upstream portfolio sensitivities
- Base case net asset value summary (%)
- Value of key assets
- WM Chesapeake Energy base case NPV10 (2014-present)
- WM base case production forecast
- Historical and forecasted free cash flow
- Henry Hub cash flow sensitivity (flat pricing)
- Valuation and capitalization summary
- Restructured ownership and associated recoveries
- Base price assumptions (nominal terms)
- High price assumptions
- Low price assumptions
What's included
This report contains:
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