4min chapter

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Pioneering Fracking Company Chesapeake Energy Goes Bust

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CHAPTER

Chesapeake's Failure to Produce Free Cash Flow

The company essentially burned through about $41 billion of cash. It has racked up $9 billion worth of debt at the end of 2020. The problem for a company like this is how do you pay off your debt when you're unable to produce positive free cash flow? You can't do it.

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