Chesapeake Energy files for bankruptcy

Chesapeake Energy Corporation said Sunday it had filed for bankruptcy amid a drop in oil and gas demand and prices due to the coronavirus pandemic.

Chesapeake Energy said in a release it filed for Chapter 11 bankruptcy and will continue to operate throughout its restructuring process.

The Oklahoma City-based company said it secured a $925 million debtor-in-possession financing from certain lenders under Chesapeake’s revolving credit facility, which will be available upon court approval.

The company and certain lenders under its revolving credit facility also agreed to the principal terms of a $2.5 billion exit financing, consisting of a new $1.75 billion revolving credit facility and a new $750 million term loan, according to the release.

The company said it also has the support of its term loan lenders and secured note holders to backstop a $600 million rights offering upon exit.



https://thehill.com/policy/energy-environment/504944-chesapeake-energy-files-for-bankruptcy

The Lincoln Project Strikes Again

TX-10: For your consideration, Dr. Pritesh Ghandhi for Congress. (VIDEO)

TX-24: In heated North Texas Democratic runoff, it's about resume vs. life experience

Democratic voters in North Texas’ 24th Congressional District next month will select the woman — Retired Col. Kim Olson or former school board member Candace Valenzuela — they want to challenge Republican Beth Van Duyne in one of the fall’s most highly anticipated congressional contests.

The decision between Olson and Valenzuela is punishing for many Democrats who see both women as capable of beating Van Duyne, the former Irving mayor endorsed by President Donald Trump. The ultimate goal, Democrats sandwiched between Dallas and Fort Worth have said all year, is flipping the seat that has been occupied by Rep. Kenny Marchant for eight terms.

Marchant is one of several Texas Republicans retiring from Congress this year as the state becomes more competitive for Democrats. Marchant easily won his seat 16 years ago but narrowly beat his Democratic opponent in 2018 by just three points. Local and national Democrats see the seat as theirs for the taking and a key component of keeping their majority in the U.S. House.

“We all feel like we’ve been in a holding pattern and we’re waiting for the choice to be made,” said Angie Hetisimer, a Tarrant County precinct chair and member of Indivisible Grapevine, which works to help elect progressive candidates. “I think for me and most of the people I talk to, we just want 24 to flip. Luckily we have two fantastic candidates.”

Given there is little light between Olson and Valenzuela on policy -- both fluctuate between moderate and progressive on different questions but would be reliable votes for the Democratic agenda in Washington -- the election is largely framed as a decision between Olson’s extensive resume and Valenzuela’s biography. Olson was one of America’s first female fighter pilots. And if elected, Valenzuela will be the first Afro-Latina member of Congress.




https://www.dallasnews.com/news/politics/2020/06/28/in-this-heated-north-texas-democratic-congressional-runoff-its-about-resume-vs-life-experience/?utm_content=buffer6efa6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Extra Bonus Tweet of the Day

Biden on Trump sharing video of protester shouting 'white power': He 'has picked a side'

Presumptive Democratic presidential nominee Joe Biden said President Trump has “picked a side” after Trump retweeted and praised a video that included a demonstrator shouting “white power.”

“Today the President shared a video of people shouting ‘white power’ and said they were ‘great.’ Just like he did after Charlottesville,” Biden tweeted Sunday, referring to Trump’s comments after the deadly 2017 white supremacist rally and counter protest in Virginia, when Trump said there were "very fine people on both sides."

“We’re in a battle for the soul of the nation — and the President has picked a side,” Biden added. “But make no mistake: it’s a battle we will win.”

On Sunday morning Trump retweeted a video that included a demonstrator in a golf cart with a “Trump 2020” sign saying “white power.”

“Thank you to the great people of The Villages,” Trump said in a post retweeting the video. “The Radical Left Do Nothing Democrats will Fall in the Fall. Corrupt Joe is shot. See you soon!!!”

The tweet was deleted several hours later.


https://thehill.com/homenews/campaign/504933-biden-on-trump-sharing-video-of-protester-shouting-white-power-he-has

Bonus Tweet of the Day

Tweet of the Day

VA-05: Holy crap! I will move Heaven and Earth to help get this young man elected to Congress.

AZ-06: DCCC loves Tipernini, but is Malik the one?