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Chesapeake Energy Corporation (CHK)

  • Apr. 4, 2012, 12:49 PM
    "The worst part has got to be over," says Wilbur Ross of natural gas, conceding his purchase of Exco (XCO) was a bit early. "(It) doesn't give cancer... very cheap per Btu... and is less pollutive than oil or coal." Not only will it become a bigger portion of domestic energy supply, but the export possibilities are outstanding.
  • Apr. 3, 2012, 10:05 AM
    A deceleration in the growth of natural gas supply over coming years may be in the cards, posits Robert Sinn, noting the price has now fallen below the all-in production cost for Ultra Petroleum (UPL), one of the industry's lowest-cost operators. Combined with the potential for increased demand, "it's possible to see some light at the end of today's dark tunnel."
  • Mar. 29, 2012, 8:58 AM
    With warm weather about to allow for even higher natural gas inventories, the country's 4T cubic foot storage capacity could get hit by mid-August, literally causing the price to go negative as operators like Kinder Morgan (KMI) turn away product. Low prices are at work increasing gas usage, but it may not come in time to prevent red prices this summer.
  • Mar. 27, 2012, 12:37 PM
    "We're going to be able to say in the next 10 years, to hell with OPEC," Chesapeake's (CHK) Aubrey McClendon says in asserting the rise of natural gas as the most viable alternative to foreign oil. Atlas Energy's (ATLS) Edward Cohen echoes the sentiment: "We've seen a five percentage point increase in the share of electrical generation from gas. Within five years we should be very close to 50%."
  • Mar. 27, 2012, 11:27 AM
    Chesapeake Energy (CHK +0.5%) says it now expects to sell its assets in the Permian Basin in Texas and New Mexico entirely, rather than find a joint venture partner as it had initially said. The sale is needed by the exploration and production company to help close a funding gap this year that could climb as high as $6B.
  • Mar. 21, 2012, 8:36 AM
    "The idea that inflation is gone forever ... (and) these artificially low rates can last, is silly," says Wilbur Ross, calling long-term Treasurys the greatest bubble. Turning to natural gas, where his big investment in XCO is sucking wind, he says he's buying more. "We like very much to invest in companies during time-limited problems."
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  • Mar. 14, 2012, 3:10 AM
    Chesapeake Energy (CHK) announced yesterday it will partner with M3 Midstream and EV Energy Partners (EVEP) to build a $900M complex that will process natural gas and natural gas liquids from the Utica shale field in Ohio. In AH trading, EVEP +2%.
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  • Mar. 12, 2012, 3:05 PM
    "Forget about $5 natural gas. When can we get back to $3," asks Raymond James after hosting a conference in which the consensus sees only weak prices for the next 12 to 24 months. Prices are off again today, touching a multi-year low as forecasts for unseasonably warm temperatures continue. UNG -2.1%.
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  • Mar. 12, 2012, 10:02 AM
    "We are presently owned by ...  investors who don't think gas prices will ever go above $4," laments Chesapeake (CHK) CEO Aubrey McClendon. "I want to be owned by investors ... (who) believe gas prices will never go below $10," he says, courting Asians to take a stake in his company.
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  • Mar. 7, 2012, 8:14 AM
    Chesapeake Energy (CHK) says that it will partner with GE to create products and services to help fuel vehicles running off of natural gas. The companies say that building out infrastructure to support the use of compressed natural gas will contribute to lower fuel costs and vehicle emissions in the U.S.
  • Mar. 6, 2012, 2:15 AM
    Chesapeake Energy (CHK) is expected to announce a $250M partnership with P-E firm KKR (KKR) to invest in U.S. oil and gas fields, sources say.
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  • Mar. 2, 2012, 3:47 PM
    Chesapeake (CHK -2.2%) has gained attention through cost cuts and asset sales, but Canaccord sees investor "misperception" that it has an inferior asset base, suggesting organic capital productivity is "~20% superior to the sector" and shifting resources to liquid energy as opposed to gas. CHK shares aren't helped today by the remarks, as energy stocks tumble in tandem with oil prices.
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  • Mar. 2, 2012, 10:48 AM
    Chesapeake Energy (CHK -0.7%) takes to social media to promote (tweet) an editorial from the NY Times' Joe Nocera in support of fracking. In the piece, Nocera takes a rather non-partisan approach of pointing out that some companies (not all) are employing technology to minimize leaks and taking other steps to drill for natural gas in a responsible fashion.
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  • Feb. 28, 2012, 7:31 AM
    Launched this month by Van Eck is FRAK, an ETF designed to track the performance of the "unconventional oil and gas" industry - meaning shale oil and gas, among others. Top holdings: Occidental (OXY), Canadian Natural (CNQ), EOG, Devon (DVN), and Hess (HES).
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  • Feb. 22, 2012, 3:59 PM
    Chesapeake Energy (CHK -2.5%) trades down after missing Q4 estimates late yesterday, despite a big jump in profit. Revenue actually rose 38% Y/Y on higher sales and production, as well as from a hedging gain that boosted bottom-line results. Additionally, the company says it plans to more than double its oil and liquids production by 2015 in an effort to become a top U.S. oil producer.
  • Feb. 21, 2012, 5:43 PM
    Chesapeake Energy (CHK): Q4 EPS of $0.58 misses by $0.01. Revenue of $2.73B (+38% Y/Y) misses by $275M. Shares +0.8% AH. (PR)
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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.