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Matt Badiali: Why Bill Powers Is Dead WrongThe Energy Report • Fri, May 24 -
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Business Wire (Mon, 10:53PM)
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Business Wire (Mon, 7:01AM)
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To learn more about Seeking Alpha Pro, click here.
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Matt Badiali: Why Bill Powers Is Dead WrongThe Energy Report • Fri, May 24
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Chesapeake Energy Q2 2010 Earnings Call TranscriptWed, Aug 4, 2010
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Chesapeake Energy Q1 2010 Earnings Call TranscriptWed, May 5, 2010
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Chesapeake Energy Corporation Q4 2009 Earnings Call TranscriptThu, Feb 18, 2010
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Chesapeake Energy Corporation Q3 2009 Earnings Call TranscriptTue, Nov 3, 2009
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Chesapeake Energy Corporation Q2 2009 Earnings Call TranscriptTue, Aug 4, 2009
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Chesapeake Energy Corporation Q1 2009 Earnings Call TranscriptTue, May 5, 2009
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at MarketWatch.com (Thu, 5:07PM)
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at CNBC.com (Thu, 2:41PM)
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at MarketWatch.com (Wed, 5:07PM)
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at CNBC.com (Wed, 8:06AM)
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at CNBC.com (Tue, 8:17AM)
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Business Wire (Mon, 10:53PM)
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at MarketWatch.com (Mon, 4:58PM)
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at MarketWatch.com (Mon, 4:33PM)
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at CNBC.com (Mon, 8:34AM)
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at CNBC.com (Mon, 8:00AM)
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at Fox Business (Mon, 7:20AM)
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Business Wire (Mon, 7:01AM)
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at MarketWatch.com (May 17, 2013)
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at MarketWatch.com (May 16, 2013)
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at CNBC.com (May 16, 2013)
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at MarketWatch.com (May 13, 2013)
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at CNBC.com (May 9, 2013)
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Business Wire (May 8, 2013)
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at MarketWatch.com (May 3, 2013)
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Business Wire (May 3, 2013)
CHK vs. ETF Alternatives
Company Description
We are the second-largest producer of natural gas in the United States. We own interests in approximately 44,100 producing natural gas and oil wells that are currently producing approximately 2.4 billion cubic feet equivalent, or bcfe, per day, 93% of which is natural gas. Our strategy is... More
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- | Earnings
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- | On the move
- Wednesday, May 22, 8:21 AM Chesapeake Energy (CHK) +1.7% premarket as Susquehanna upgrades the stock to Positive from Neutral, believing CHK should get a boost from both higher oil and gas prices and its new CEO. The firm boosts its valuations for CHK's oil and gas reserves, saying investors have become more comfortable with higher prices; asset sales so far have been of "mixed quality." Comment! [Energy, Quick Ideas, On the Move]
- Monday, May 20, 12:40 PM Wall Street cheers Chesapeake's (CHK +4%) appointment of Doug Lawler as CEO as a vote of confidence in CHK after building a strong reputation at Anadarko (APC). While hopeful the move will improve capital discipline and allocation decisions, Tudor Pickering cautions it will be a steep wall to climb "given the balance sheet leverage and need to materially sell assets into a weak [acquisitions] market." 3 Comments [Energy, On the Move]
- Thursday, May 16, 10:47 AM Chesapeake Energy (CHK -2.6%) is downgraded to Neutral from Overweight at J.P. Morgan, which cites valuation, a lack of visible catalysts and a "perpetual funding gap" that could total $9.3B by 2015. The firm believes planned asset sales will help CHK fund its cash outspend in 2013 but will need to take on debt in 2014-15. Comment! [Energy, Quick Ideas, On the Move]
- Friday, May 3, 10:19 AM EQT Corp. (EQT +1.9%) agrees to buy ~99K net acres in western Pennsylvania and 10 horizontal Marcellus wells from Chesapeake Energy (CHK +1%) for ~$113M, marking CHK's third announced asset sale this week. Three of the 10 wells are producing, EQT says the remaining seven will be turned in line by year-end 2013, adding ~1B cfe of sales volume. Comment! [Energy, On the Move]
- Wednesday, May 1, 12:38 PM The ink was barely dry on Chesapeake's (CHK -2.1%) better-than-expected earnings report before worries resurface about its liquidity position and slow progress on its asset-sale program. In its conference call, CHK said its 2013 funding gap stands at $3.5B, barely halfway through its $7B asset-sale target. Concerns are exacerbated by supposedly receiving low prices for the assets. 2 Comments [Energy, On the Move]
- Wednesday, May 1, 7:50 AM More on Chesapeake's (CHK) Q1 results: Total production rose to 4B cfe/day, +9% Y/Y. Says it has closed or signed ~$2B of asset sales YTD, expects to close previously announced Mississippi Lime JV transaction with Sinopec before end of Q2 and to sign agreements selling northern Eagle Ford assets in Q2. Projects FY 2013 production expenses of $0.85-$0.90/mcfe for the year, down $0.05 vs. prior guidance. Shares +3.9% premarket. Comment! [Energy, Earnings, On the Move]
- Monday, April 29, 10:20 AM Southwestern Energy (SWN +4.2%) agrees to buy 162K net acres of natural gas properties in Pennsylvania's Marcellus Shale from Chesapeake Energy (CHK -0.3%) for ~$93M. Current net production from the properties is ~2M cfe/day from 17 gross wells; when the deal closes, SWN will possess ~337K net Marcellus acres. Comment! [Energy, On the Move]
- Tuesday, April 2, 3:41 PM As Chesapeake Energy (CHK -2.1%) plans some spring cleaning of its portfolio with the hopes of raising $4B-$7B this year, Wells Fargo analysts say CHK’s 20% stake in Chaparral Energy is probably worth ~$280M, which would represent a nice gain from the $178M paid in 2006. Much of the proceeds CHK hopes to raise are expected to come from various small assets, and Chaparral seems to fit the bill. Comment! [Energy, On the Move]
- Wednesday, March 20, 12:38 PM Chesapeake's (CHK -2%) bond case will get a speedy resolution, as a judge sets an April 23 trial date to settle a dispute with bondholders over a redemption it’s attempting. CHK wants to redeem bonds set to mature in 2019 but contain a provision that allows it to redeem them at par up to March 15, 2013. One bondholder sees a slim chance for settlement at some premium over the bonds’ current trading price of 105. 2 Comments [Energy, On the Move]
- Tuesday, March 19, 2:43 PM The $265M Sanchez Energy (SN -1%) is paying Hess (HES -3.5%) for 43K acres of south Texas shale is much lower than the $820M Tudor Pickering expected, which "highlights softness in non-core Eagle Ford" shale market. The firm says the deal does not bode well for Chesapeake (CHK -5.2%); applying the price Hess received implies a $600M value to CHK's land vs. Tudor's earlier estimate of $1.25B. 3 Comments [Energy, On the Move]
- Tuesday, March 19, 10:17 AM Chesapeake Energy (CHK -2.3%) is downgraded to Underperform from Neutral at Sterne Agee, which criticizes CHK's hedging strategies and cautions that the pricing of upcoming asset sales could underwhelm. Spending plans are highly dependent on further asset sales, the firm says, and it believes 2013 guidance could be at risk with a $3B-plus funding gap remaining. Comment! [Energy, Quick Ideas, On the Move]
- Thursday, March 14, 12:49 PM Rising natural gas prices and lower inventories boost shares of gas-focused firms, including WPX Energy (WPX +5.2%), the S&P's top performer. But Susquehanna warns of unwarranted optimism in WPX, seeing "weak execution going forward reflecting a lower than peer average capacity to reinvest and lack of visible scale of reinvention target." Also: CHK +2.8%, NBL +3.2%, COG +2.6%, LNG +5%, KWK +17.6%. Comment! [Energy, On the Move]
- Thursday, March 7, 12:35 PM Burns Hargis, chairman of Chesapeake Energy's (CHK +3.4%) audit committee that conducted the probe into the financial dealings of outgoing CEO Aubrey McClendon, resigns from CHK's board. Louis Raspino, recent head of oil and gas driller Pride International, will fill the vacancy. 9 Comments [Energy, On the Move]
- Thursday, March 7, 9:06 AM Chesapeake Energy (CHK), seeking to sell as much as $7B in assets this year to plug a cash shortfall, plans to divest most of its stake in Clean Energy Fuels (CLNE). CHK's interest in the builder of filling stations that dispense gas-derived transport fuels will drop to 1.1% after the stock sale from the current level of 7.7%. CLNE -4.1% premarket. 7 Comments [Energy, On the Move]
- Friday, March 1, 10:06 AM In what should not be a shock, Chesapeake Energy (CHK -3%) discloses the SEC is continuing its informal investigation of the company and has issued subpoenas for documents and testimony. The probe regards the practice of giving the CEO (departing next month) stakes in every well the company drills. 4 Comments [Energy, On the Move]
- Monday, February 25, 10:37 AM Chesapeake (CHK -2.8%) is obviously a distressed seller, so that helps explain why the $1B Sinopec (SNP +0.6%) paid to get into its Mississippi Lime acreage is below expectations. But the Mississippi Lime hasn’t shown great results: "It seems that foreign investors have been less willing over the last few years to come in and pay a large amount for unproven acreage,” Wells Fargo’s David Tameron says. 2 Comments [Energy, On the Move]
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Sir. Monaco
$CHK new ceo is a good thing, but doesn't change the balance sheet, the pro forma story is kindda ruined with CHK, nat gas injections see - View all 1 replies
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Sir. Monaco: consistent,PowerBurn has next five weeks at: +94, +100, +99, +97, +92...WHICH ROCKETS US ABOVE THE 5YR AVG, another gas price correction com
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Mike Maher
Ohio DNR confrence starting now follow #ohioutica for updates $MHR $GPOR $PDCE $CHK $HES http://bit.ly/19zrYVh - View all 6 replies
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Kevin Chapman: "Richard Zeits states it is a buyers market in the shale plays". Sounded similar of the recent articles he wrote about $CHK/Marcellus sales -
Mike Maher: SA should talk that up, give the man credit where credit is due
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Sir. Monaco
if I was Icahn and other $CHK shareholders I would be pissed that GS hyped natural gas, -today JPM shoves CHK off the cliff for good reason, - View all 0 replies
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inandoutnevertoolate
Major disconnect forming between nat gas $UNG stocks and nat gas prices $SD $CHK both on the run up and the plunge today. Watching closely - View all 0 replies
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Sir. Monaco
$CHK $UNG - these two are going to be exciting over the next few weeks, from what we can tell there is a battle between the investment banks - View all 5 replies
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Jonathan N: No kidding! How can someone justify further advances if we overtake the 5 year avg. The only reason I see to go long anymore is momentum. -
GJN: Does price spike seem like it's NG fundamentals? Appears more like high freq trading and HF computers pinging each other to push NG higher
LATEST REPLIES
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Sir. Monaco
$CHK new ceo is a good thing, but doesn't change the balance sheet, the pro forma story is kindda ruined with CHK, nat gas injections see - View all 1 replies
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Sir. Monaco: consistent,PowerBurn has next five weeks at: +94, +100, +99, +97, +92...WHICH ROCKETS US ABOVE THE 5YR AVG, another gas price correction com
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Mike Maher
Ohio DNR confrence starting now follow #ohioutica for updates $MHR $GPOR $PDCE $CHK $HES http://bit.ly/19zrYVh - View all 6 replies
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Kevin Chapman: "Richard Zeits states it is a buyers market in the shale plays". Sounded similar of the recent articles he wrote about $CHK/Marcellus sales
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Mike Maher: SA should talk that up, give the man credit where credit is due
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Sir. Monaco
$CHK $UNG - these two are going to be exciting over the next few weeks, from what we can tell there is a battle between the investment banks - View all 5 replies
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Jonathan N: No kidding! How can someone justify further advances if we overtake the 5 year avg. The only reason I see to go long anymore is momentum.
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GJN: Does price spike seem like it's NG fundamentals? Appears more like high freq trading and HF computers pinging each other to push NG higher
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Jason Burack
At these improving US natural gas prices $CHK $DVN $UPL can probably make pretty good profits - View all 2 replies
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Jason Burack: Because of their debt levels probably had to hedge some but still very good upside when hedges come off.
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Todd Johnson
$SD, $SDT, $CHKR, $CHK Short these names unless one knows what the value of undrilled wells are. Ex-CEO's are < than 2-thumbs up. TJ - View all 7 replies
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Zeus2012: Bought some over a week ago at $13.50. Don't think it'll drop that low though
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Jim Warlick: I've seen a large amount of research on ORCL and largely expect them to achieve 10-15% earnings this year. Watch developing cloud tech. BUY
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Michael Bryant
Will Buffett buy Chesapeake Energy ($CHK), Anadarko Petroleum ($APC), or Devon Energy ($DVN) for natural gas? http://bit.ly/XF5pie - View all 1 replies
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Jason Burack
Porter Stansberry is right. Long term $CHK & $DVN are selling for way below book & good investments. But, no real near term catalysts yet. - View all 17 replies
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Jason Burack: I told people who followed my work to start buying $LNG in 2009 when it crashed to 6 and keep accumulating when it was still at 14-15.
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Ocean Man: Very interesting. I'd seen nothing but bullish long-term comments on SD the past few weeks.
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Bob de'Long
$CHK today announced that CEO Aubrey K. McClendon, has agreed to retire from the company on April 1, 2013. - View all 2 replies
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Jim Fish: Wow... didn't expect that news today. That's great for the stock - will be interesting to see who takes over. -
Alan Brochstein: There are a ton of people who wouldn't buy CHK at any price with Aubrey there - I think that the 10% move is probably less than half...