Seeking Alpha
 

Chesapeake Energy Corporation (CHK)

- NYSE
  • May 3, 2012, 12:27 PM
    It's not for the faint of heart, but Chesapeake (CHK +2%) is upgraded by BMO and Bernstein with respective target prices of $25 and $21, nodding to the risk while excited at the potential investor reward if the stock price is at a bottom. “The company is being watched,” BMO says, but "what remains is a company with a deep and wide asset base, and one that has fundamental value."
    | May 3, 2012, 12:27 PM | 4 Comments
  • May 3, 2012, 10:28 AM
    One problem with Aubrey McClendon's plan to turn around Chesapeake (CHK +1.7%) via a rebound in natural gas prices by 2014: He may not have two years to wait. An SEC filing reveals top shareholder Southeastern Asset Management may initiate talks with CHK and third parties about taking steps to boost the share price or sell the company outright.
    | May 3, 2012, 10:28 AM | 2 Comments
  • May 2, 2012, 9:02 PM
    Maybe another sign the long slide in natural gas is nearing its end, legendary trader John Arnold is hanging up his spurs after a couple of years of unsatisfactory returns, according to sources. Gas prices dove by a nickel on the news as some believe Arnold's Centaurus Fund will need to unwind positions, while others say his departure just reinforces poor market sentiment.
    | May 2, 2012, 9:02 PM | 5 Comments
  • May 2, 2012, 3:19 PM
    Here's Chesapeake's (CHK -13.5%) conundrum: CHK has been touting its shift from natural gas to liquids as a way to overcome low natural gas prices, but its production of liquids is unimpressive so far. And weak nat gas prices make it more difficult to find the funds needed to drill the wells for producing the liquids. For today at least, this explains more of CHK's price swoon than McClendon's antics.
    | May 2, 2012, 3:19 PM | 7 Comments
  • May 2, 2012, 10:41 AM
    The Chesapeake (CHK -13%) Q1 call has ended, and aside from McClendon's opening remarks - "a great deal of misinformation" has been published, he's "deeply sorry for all the distractions" - analysts (screened?) focused on CHK's asset monetization and debt reduction plans. CHK continues to emphasize its move from gas to oil, and says it's on track to meet debt reduction targets.
    | May 2, 2012, 10:41 AM | 12 Comments
  • May 2, 2012, 9:35 AM
    Chesapeake (CHK) opens -9.5% as Aubrey McClendon tells conference call listeners that recent steps - additional disclosure, early termination of FWPP, split of CEO/chairman roles - should alleviate concerns. He says CHK will have to work harder on asset monetization to offset current soft natural gas prices. Drilling will decline further to 125 rigs by Q3. No fireworks yet.
    | May 2, 2012, 9:35 AM | 2 Comments
  • May 2, 2012, 9:00 AM
    Premarket gainers: SMSC +38%. CHRS +24%. PLX +22%. TRIP +16%. ASNA +13%. PCO +13%. ESIC +13%. AEO +9%. DCIX +8%. WCG +9%. OCZ +8%. HLF +6%. GNW +4%. REXX +3%. CBS +3%. UBS +3%.
    Losers: OPEN -15%. CHK -10%. STD -7%. VE -5%. TEF -5%. CS -5%. NOK -4%. TS -4%. DB -4%. NBG -4%. CMCSA -4%. FTE -3%. ERIC -3%. SI -3%.
    | May 2, 2012, 9:00 AM | Comment!
  • May 2, 2012, 8:51 AM
    Is this the last straw for Aubrey McClendon? Reuters reports that for at least four years during his time as Chesapeake (CHK) CEO, McClendon ran a $200M hedge fund that traded in the same commodities CHK produces. Should be lots of fireworks at the conference call, which begins at 9 a.m. CHK -10.5% premarket. (earlier)
    | May 2, 2012, 8:51 AM | 40 Comments
  • May 2, 2012, 8:41 AM
    The downgrades begin after Chesapeake's (CHK) dismal Q1: Baird cuts shares to Neutral from Outperform and lowers its target to $22 from $30, saying CHK's estimated liquids ramp is materially impaired, although monetizations appear to remain on schedule. It brings home the point that there's many more problems at CHK than just Aubrey McClendon's indiscretions. CHK -11% premarket.
    | May 2, 2012, 8:41 AM | 1 Comment
  • May 1, 2012, 4:22 PM
    Chesapeake Energy (CHK): Q1 EPS of $0.18 misses by $0.10. Revenue of $2.42B (+50.1% Y/Y) misses by $290M. Revises its capex budget for drilling and completion costs to $7.5B-$8B from $7B-$7.5B in 2012 and $6.5B-$7B from $7.5B-$8.5B in 2013. Shares -1.8% AH. (PR)
    | May 1, 2012, 4:22 PM | 14 Comments
  • May 1, 2012, 9:24 AM
    Chesapeake Energy (CHK) +9.8% premarket after announcing that it will name a non-executive chairman to replace Aubrey McClendon "in the near future." The company also will end the Founder Well Participation Program that grants McClendon minority stakes in CHK's wells as of June 30, 2014, a year-and-a-half before the program was scheduled to end.
    | May 1, 2012, 9:24 AM | 1 Comment
  • May 1, 2012, 4:17 AM
    Chesapeake (CHK) disclosed yesterday the IRS is reviewing the controversial perk that allowed CEO Aubrey McClendon to buy a small stake in every oil or gas well the company drills. Chesapeake believes resolving the matter won't have a material impact on the company.
    | May 1, 2012, 4:17 AM | 6 Comments
  • May 1, 2012, 12:10 AM
    Notable earnings after Tuesday's close: ACAS, AUY, BMR, BRCM, CAVM, CBS, CHK, CHSI, CVI, DDR, DEI, DVA, FISV, FLEX, GGP, GNW, MMI, OKE, OKS, OPEN, RGC, TE, TRIP, UNM, XCO
    | May 1, 2012, 12:10 AM | Comment!
  • Apr. 30, 2012, 5:35 PM
    Notable earnings after Tuesday's close: ACAS, AUY, BMR, BRCM, CAVM, CBS, CHK, CHSI, CVI, DDR, DEI, DVA, FISV, FLEX, GGP, GNW, MMI, OKE, OKS, OPEN, RGC, TE, TRIP, UNM, XCO
    | Apr. 30, 2012, 5:35 PM | Comment!
  • Apr. 30, 2012, 3:19 PM
    Natural gas is flying higher, +4.7%, perhaps encouraged by the fact that producers are cutting back on drilling. "The Jeff Gundlach trade is having an insanely good day today," writes Joe Weisenthal. The bond man said last week he would like to go long natty/short Apple with 100X leverage. Apple -3.1%.
    | Apr. 30, 2012, 3:19 PM | 7 Comments
  • Apr. 30, 2012, 2:02 PM
    ETF U.S. Natural Gas (UNG +3.6%) jumps as noted energy analyst Stephen Schork says he's less bearish. A CFTC report showed Chesapeake (CHK) and ConocoPhillips (COP) are now net long on nat gas, which signals they're unwilling to sell future product at current price levels and would rather buy product in the future vs. produce it.
    | Apr. 30, 2012, 2:02 PM | 3 Comments
Visit Seeking Alpha's
CHK vs. ETF Alternatives
Company Description
Chesapeake Energy Corp is a natural gas and oil exploration and production company. It explores, develops and acquires properties for the production of natural gas and crude oil from underground reservoirs and also provides marketing & midstream services.