Chesapeake Energy lowers production forecast
Today, Chesapeake Energy (CHK), the second largest U.S. producer of natural gas, said that it expects to see production in the third quarter of 542,000 barrels of oil equivalent a day versus the previous estimate of 550,000. The company also lowered its forecast for...
Natural gas stocks up today on rise in LNG prices in Asia
Shares of natural gas producers and liquefied natural gas exporters climbed strongly today as prices for liquefied natural gas in Asia rose to s seven-month high in reaction to the damaged inflicted on Gulf Coast terminals by Hurricane Harvey. It didn’t hurt...
Chesapeake Energy beats and then shares drop–it’s tough being a natural gas stock right now
There’s really nothing wrong with Chesapeake Energy (CHK) that an increase in natural gas prices wouldn’t fix. Yesterday, August 3, Chesapeake reported second quarter earnings of 18 cents a share after subtracting one-time events. In the second quarter of...
Long-term pick Chesapeake becomes a short-term trade too
On February 23 Chesapeake Energy (CHK) reported another big step toward break-even. The company’s net loss for the fourth quarter fell to $741 million (or 84 cents a share) from $2.23 billion (or $3.36 a share) in the fourth quarter of 2015. Investors were...
More asset sales, less debt, higher share price for Chesapeake
Today Chesapeake Energy (CHK), the second largest U.S. producer of natural gas, announced a deal to sell 78,000 acres in Louisiana’s Haynesville Shale for $450 million to Indigo Minerals. The deal brings Chesapeake’s asset sales in 2016 to $2 billion. The...
Buying opportunity to come? Chesapeake Energy tumbles on fears that Icahn will sell remaining stake
Update September 27, 2016 Earlier this month Carl Icahn cut his position in Chesapeake Energy (CHK) by more than half. Nothing to worry about for other shareholders, he said. The sale was for tax reasons. Well, today that “Move along. Nothing to see here”...
Update Chesapeake Energy
Update September 6. Today shares of Chesapeake Energy (CHK) climbed 3.03% to close at $6.80 in the first post-Labor-Day trading session. The shares finished 24.8% ahead in August. Part of this was thanks to the market. A weaker than expected report on the...
Help, please–I’ve lost Chesapeake Energy in my 50 Picks portfolio
In the process of revising the long-term 50 Picks portfolio and selling my short-term position, I seem to have deleted the entry for Chesapeake Energy (CHK) in my long-term Jubak 50 portfolio. It should still be that portfolio–even though I’ve sold it out of the 12-18...And the winners among oil stocks from the Egyptian crisis are…
Interesting pattern in today’s big winners on the New York Stock Exchange: the list is dominated by the names of relatively small, predominantly domestic energy producers. As of the end of trading in New York today you would have found these stocks among the big...So who won the elections?–which stocks? I mean
The U.S Chamber of Commerce had spent $35 million on the mid-term elections as of November 2, according to the Center for Responsive Politics. American Crossroads, another independent organization, spent $22 million. The Club for Growth $8 million. The National...There's a U.S. oil boom–in North Dakota–and here's how to invest in it
It looks like the biggest winner from the boon in natural gas production from shale formations in the United States will be the U.S. onshore oil industry. Thanks to new techniques pioneered in the late 1970s to extract natural gas from tight shale formations from...Here's how the tide is running in earnings season–and some ways to profit from the flow
We’re just a little bit more than a week into earnings season and already some themes have started to emerge from the numbers. Nothing definite. Call them “tendencies.” But I’m finding connections among the results—and the investor reaction to the results that will be...ExxonMobil buys U.S. natural gas for $31 billion–I told you this was a big trend
ExxonMobil (XOM) will buy XTO Energy (XTO) for $31 billion in stock. (ExxonMobil will also assume $10 billion in XTO Energy debt.) This acquisition is just the latest example of a shift among the international energy majors from exploration and development for oil in...The natural gas glut in the U.S. shows no signs of slowing production
Doesn’t anybody know that there’s a natural gas glut in the United States? In a glut low prices are supposed to force producers to shut wells and reduce production so that demand has a chance to catch up with supply and prices can start to rise. It just doesn’t seem...Losers and 5 winners from health care "reform"–and why we'll be fighting over who pays for a decade
We know what the health care reform legislation due today for a vote in the Senate Finance Committee will cost: $829 billion over ten years. We know that it will extend coverage to 94% of all Americans, up from 83% now. And, thanks to the blessings of the...Head to head: Petrobras vs. StatoilHydro
So which would you rather own, Petrobras (PBR) or StatoilHydro (STO)? On the surface that’s a no brainer. Petrobras is sitting on new deep sea finds in the South Atlantic that will, probably, double the company’s oil reserves. StatoilHydro’s production is concentrated...Natural gas pains: What's a value investor to buy?
Some company will eventually make a killing from today’s collapse in natural gas prices. But when? And which company? Value investors usually only need to identify a bargain and then hang on until the rest of the stock market catches up with their thinking. But the...Look out for natural gas Monday
Last week it was oil companies reporting their earnings numbers. Monday investors get a big dose of numbers from natural companies. The earnings aren’t likely to be pretty although since many producers wrote down billions in assets last quarter–Chesapeake...The natural gas glut: winners and losers
Got gas? The world has a lot more natural than anybody thought—if you count the unconventional supplies that once were out of reach to drillers. The world has 3,250 trillion cubic feet of unconventional natural gas resources, energy research company PFC Energy said on...Jim’s Daily Email Alerts:
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