News
CHK
89.08
+2.78%
2.41
UPDATE 1-US natgas prices up 3% to 14-week high on rising demand for LNG feedgas
U.S. Gas futures up 3% to 14-week high on rising demand for LNG feedgas. Prices also supported by ongoing decline in output. Feedgas to liquefied gas export plants increased with return of Freeport LNG in Texas. Forecasts for higher demand over the next two weeks than previously expected.
Reuters · 4h ago
Weekly Report: what happened at CHK last week (0429-0503)?
Weekly Report · 11h ago
FTC's attack on high-profile exec rattles oil industry, sparks concern over deals
Energy M&A FTC's attack on high-profile exec rattles oil industry, sparks concern over deals. Exxon Mobil completed its $60B takeover of Pioneer Natural Resources this week. FTC agreed not to add Scott Sheffield, Pioneer's former CEO, to its board. The FTC accused Sheffield of leading a coordinated effort to keep production artificially low.
Seeking Alpha · 1d ago
US natgas prices hold near 12-week high as lower demand forecasts offset rising exports
US prices hold 12-week high as lower demand forecasts offset rising exports. Front-month gas futures for June delivery held at its highest level since Feb. 5. Bearish forecasts for less demand over the two weeks than previously expected. Oversupply of gas in storage offset a bullish rise in liquefied gas exports.
Reuters · 3d ago
Weak diesel market adds to concerns about global oil demand
Weak diesel market adds to concerns about global oil demand growth. U.S. Crude oil futures end little changed Thursday. A surprisingly large build in domestic stockpiles raises concerns about demand. A dip in global diesel demand also feeding concerns about slowing oil demand. Natural gas futures settle at their highest since early February.
Seeking Alpha · 3d ago
US oil executive censure puts spotlight on shale-OPEC meetings
US oil executive censure puts spotlight on shale-OPEC meetings. U.S. Regulator barred former Pioneer Natural Resources CEO Scott Sheffield from joining board of Exxon Mobil. FTC accused Sheffield of leading a coordinated effort to keep production artificially low. The company says Sheffield acted in the best interests of the oil industry. The FTC's censure of a top US oil executive over private meetings with OPEC put spotlight on dinners attended by shale executives.
Reuters · 4d ago
UPDATE 2-US natgas prices jump 5% to 12-week high on rising demand, lower output
U.S. Gas futures jump 5% to a 12-week high on rising demand, lower output and forecasts for more demand week than expected. Front-month gas futures for June delivery rose 10.3 cents to close at $2.035 per million British thermal units. Gas flows to liquefied gas export plants rise due to increase in the amount of gas flowing to LNG plants. Last week's gas storage build was slightly bigger than analysts expected. U.s. Gas output continues to drop to a 15-week low in May.
Reuters · 4d ago
Chesapeake Energy Is Maintained at Buy by Benchmark
Dow Jones · 4d ago
Chesapeake Energy Price Target Cut to $93.00/Share From $107.00 by Benchmark
Dow Jones · 4d ago
Benchmark Maintains Buy on Chesapeake Energy, Lowers Price Target to $93
Benzinga · 4d ago
US natgas prices up 2% on rising demand forecasts ahead of storage report
US prices up 2% on rising demand forecasts ahead of storage report. Low prices so far this year have prompted producers to cut gas output. U.S. Gas production has fallen to a 15-week low. Forecasts for more demand week than previously expected. Gas flows to liquefied gas export plants have risen.
Reuters · 4d ago
UPDATE 6-US greenlights Exxon-Pioneer deal, alleges shale founder colluded with OPEC
U.S. Regulators approve Exxon's $60 billion purchase of Pioneer Natural Resources. Ex-Pioneer CEO Scott Sheffield barred from Exxon's board on allegations he colluded with OPEC to raise oil prices. FTC alleges shale founder coordinated efforts to constrain output and raise prices. The FTC says he attended dinners with OPEC and pushed for production cuts.
Reuters · 4d ago
TIMELINE-Biggest oil and gas sector deals since start of the century
U.S. Oil and gas industry went on a $250 billion buying spree in 2023. Chevron bought Texaco in 2001 in a $39.5 billion deal. Exxon Mobil has won approval of FTC to close its deal for Pioneer Natural Resources. Biggest deals in the global oil & gas sector since start of the century.
Reuters · 4d ago
Seaport Global Remains a Hold on Chesapeake Energy (CHK)
TipRanks · 4d ago
Analysts’ Top Energy Picks: Valaris (VAL), Chesapeake Energy (CHK)
TipRanks · 4d ago
Chesapeake Energy: Strong Buy on Robust Financials and Strategic Growth Prospects
TipRanks · 4d ago
CHESAPEAKE ENERGY CORP <CHK.O>: CAPITAL ONE SECURITIES CUTS TARGET PRICE TO $106 FROM $109
Reuters · 4d ago
CHESAPEAKE ENERGY CORP <CHK.O>: GERDES ENERGY RESEARCH RAISES TARGET PRICE BY $5 TO $126
Reuters · 4d ago
UPDATE 1-US natgas prices fall 3% on forecasts for less demand, storage oversupply
U.S. Gas futures fall about 3% on forecasts for less demand, storage oversupply. Analysts say stockpiles are around 35% above levels for this time of year. Price decline comes despite a continued drop in output. Gas production has dropped by around 11% so far in 2024.
Reuters · 5d ago
BUZZ-Chesapeake Energy falls after posting downbeat Q1 profit
Shares of gas producer Chesapeake Energy Corp down 3% after posting downbeat Q1 profit. Company misses first-quarter profit estimates as persistently low gas prices weigh on results. Shares of CHK up ~13% YTD. Company's proposed merger with Southwestern Energy pushed back to 2H24.
Reuters · 5d ago
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About CHK
Chesapeake Energy Corporation (Chesapeake) is a natural gas and oil exploration and production company. The Company is engaged in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids (NGLs) from underground reservoirs. It owns a diverse portfolio of onshore United States unconventional natural gas and liquids assets, including interests in approximately 5,000 gross oil and natural gas wells. Its natural gas resource plays are Marcellus Shale in the northern Appalachian Basin in Pennsylvania (Marcellus) and the Haynesville/Bossier Shales in northwestern Louisiana (Haynesville). The Company’s marketing operations include oil, natural gas and NGL marketing services, that consists of commodity price structuring, negotiating of gathering, hauling, processing and transportation services, and contract administration and nomination services for Chesapeake and other interest owners in Chesapeake-operated wells.