Chesapeake Energy Corp
Chesapeake Bankruptcy Rumors Take a Toll on Williams Companies
Chesapeake Energy (CHK) opened 50% lower in yesterday’s early trading on the rumor that the company is working with advisors to pursue bankruptcy.
Why the summer heat wave supports natural gas prices
A heat wave that has persisted in the US has helped to lift natural gas prices.
Natural Gas Prices Are Following the Price Channel
Mild weather and rising inventory estimates could drag natural gas prices lower. The key support for natural gas prices is seen at $2.60 per MMBtu.
Why Chesapeake Energy’s Correlation with Crude Oil Has Increased
The three-month correlation between Chesapeake Energy (CHK) and crude oil was 0.53 as of August 27.
Must-know: Why onshore rig counts are at a 2-year high
The U.S. onshore, or land-based, rig count increased by four rigs—from 1,865 to 1,869—during the week ending September 19. Land-based rigs include 13 inland water rigs. This is the highest onshore rig count in the past two years. It’s the highest rig count since August 17, 2012. This marks the eighth increase in the past ten weeks.
Natural Gas’s Surge in November 2017
Between October 30 and November 6, 2017, US crude oil futures rose 5.9%.
ConocoPhillips: Investors’ Confidence Is Rising
Since ConocoPhillips (COP) reported its fourth-quarter earnings results on January 31, the stock has fallen 1.7%.
Are Natural Gas–Weighted Stocks More Sensitive to Oil?
US crude oil prices are important to understand US natural gas supplies. Oil prices are often important for the energy sector’s general sentiment.
Oil Bulls: Is a Recession Coming?
On March 15–22, US crude oil May futures rose 0.4% and closed at $59.04 per barrel.
EIA Natural Gas Inventory Report – Important for Energy Investors
Analysts expected a natural gas inventory draw of 51 billion cubic feet (or Bcf) last week.
These Gas-Weighted Stocks Are Sensitive to Natural Gas’s Moves
On November 21, natural gas December futures fell 1.6% settled at $4.45 per million British thermal units.
Why natural gas rigs aren’t likely to rise much through year-end
Natural gas rigs remain down since the beginning of the year, with no major catalyst for them to increase in the medium term.
Must-know: Environmentalists’ views on coal and natural gas
Natural gas has gained market share for use in power generation. Learn about the drivers of this trend and the consequences of increased natural gas use.
Which Energy Stocks Are Leading the Rise in the Energy Sector?
Stocks that are leading the rise in the Energy Select Sector SPDR Fund this week include Chesapeake Energy, Andeavor, and FMC Technologies.
Policymakers Are Pleased with February 2015 Labor Market Data
The minutes of the FOMC’s (Federal Open Market Committee) March 2015 meeting revealed that policymakers were happy with improvements in the labor market.
Interest Rate Woes Continue to Haunt the US Stock Market
Now that the Fed’s meeting is over, the timing of the rate hike has made investors anxious. The delay in the rate hike is a sign of the health of the domestic economy.
What’s the EIA Forecasting for Natural Gas Prices for 2017?
According to CHK’s December 2016 presentations, break-even prices in the Marcellus and Utica Shales are $2.00 per MMBtu and $2.15 per MMBtu, respectively.
Cold weather and bullish inventories boosted natural gas prices
Natural gas prices rose last week in response to a bullish inventory report and expected cold weather.
Why Did Apache See the Worst Decline in 4Q15 Revenue?
Hess (HES), Apache (APA), Devon Energy (DVN), and Marathon Oil (MRO) recorded lower 4Q15 revenues compared to the corresponding quarter in 2014.
Why higher natural gas rig counts may be a positive signal
U.S. natural gas rigs remain elevated 10% since late June.
Natural Gas Prices Driving Chesapeake Energy Stock in 2017
Chesapeake Energy’s (CHK) 2016 debt management efforts included a combination of debt exchanges, open market repurchases, and equity-for-debt exchanges.
What Can We Infer from Chesapeake’s Implied Volatility?
Chesapeake Energy’s implied volatility was ~51% on July 17, 2017. In comparison, its peers Noble Energy and Cabot Oil & Gas had implied volatilities of 36.5% and ~32%, respectively.
How Asset Transactions Are Impacting Energy Companies’ Debt Levels
Since the beginning of 2016, these producers have reduced debt by $1.4 billion, according to the EIA.
A Must-Know: Stone Energy’s Debt Restructuring Plans
On September 30, 2016, Stone Energy’s (SGY) total debt stood at ~$1.4 billion. With only ~$182 million in cash and cash equivalents, SGY’s net debt was ~$1.3 billion at the end of 3Q16.
Does a falling US rig count signal a trend?
Rig counts tell us how many rigs are actively drilling for oil and gas. They can be an indication of oil and gas producers’ confidence.
Futures Spread: Bearish Sentiments Rise for Natural Gas
On January 23, the natural gas futures for March 2019 closed at a discount of ~$0.01 to the March 2020 futures.
Why investors should closely watch natural gas inventory figures
Natural gas prices directly affect earnings for gas-weighted producers such as Chesapeake Energy Corporation (CHK), EQT Corporation (EQT), Southwestern Energy Company (SWN), and Range Resources Corporation (RRC).
Natural Gas Could Test the Key Support of $2.50 per MMBtu
The key support level for natural gas is seen at $2.50 per MMBtu. Prices hit this mark multiple times in April 2015. Resistance is seen at $2.75 per MMBtu.
Key insight: Why natural gas prices remain bearish
Natural gas prices started the week by falling ~2.4% to $3.67 MMBtu (million British thermal units) on Monday. This was the lowest close in 11 months.
June Oil Price Rebound Affects Auto Companies and Retail Sales
The SPDR S&P Retail ETF (XRT) shed 0.42% on July 14 as retail sales figures in the United States came in way below expectations.
Snapshot: Comparing Seventy Seven Energy to its peers
Seventy Seven Energy (SSE) is a well-field services company that carries out activities like drilling, hydraulic fracturing, rig relocation, and fluid handling and disposal.
Futures Spread: Are Natural Gas Traders Confused?
On April 9, the natural gas futures for May 2019 closed at a premium of ~$0.08 to the May 2020 futures.
Must-know: Why have oil prices remained buoyant lately?
Crude oil prices have remained buoyant lately, with last week’s rally mostly driven by higher-than-expected U.S. GDP growth.
What Can We Gauge from Chesapeake Energy’s Implied Volatility?
The current implied volatility for Chesapeake Energy (CHK) stock is ~69.2%. The stock could close between $4.17 and $5.00 in the next seven days.
How will Chesapeake’s recent asset sales affect the company?
Chesapeake also is seeking strategic alternatives for its oilfield services business. The announcement of these divestitures is likely positive for Chesapeake in the long term.
Must-know: Why natural gas storage figures matter to investors
Every week, the U.S. Energy Information Administration (or EIA) reports figures on natural gas inventories, or the amount of natural gas stored in facilities across the U.S.
US Power Generation Down Again: An Analysis of Trends
An increase in US power generation numbers is expected for the week ended October 30, 2015.
Spread between WTI crude oil and Brent oil has closed in significantly since YE2012
The WTI-Brent spread remained relatively unchanged last week, but has closed in significantly since year-end 2012.
Why natural gas prices rose 4% on the week, to $4.49 per MMBtu
Natural gas prices closed at $4.49 per MMBtu for the week ended March 28, 2014, up from $4.31 per MMBtu the prior Friday.
Must-know: Why natural gas prices had another strong rally
Natural gas continued to climb on the week, as the markets expected cold weather to boost demand, a positive short-term and medium-term indicator.
Why names like Southwestern are poised to benefit this winter
Natural gas producers will see upside from the colder winter, as it has helped to boost natural gas prices.
Why a dip in natural gas liquids prices affects energy names
NGLs prices remain uptrend despite the falling last week, which is positive to producers.
Natural gas producers declining due to expected warm weather
Last week temperatures were colder than normal, however, natural gas fell steeply on the week despite this.
Why the slight move up in natural gas inventories was positive for stocks
Natural gas inventory figures as reported on July 3 were mildly positive, and the commodity traded up slightly on the day.
Are You Prepared for Chesapeake Energy’s 4Q17 Earnings?
Chesapeake Energy will release its earnings on February 22 before the market opens. The company’s 4Q17 revenue estimate is ~$2.28 billion.
Could Crude Oil Prices Give Chesapeake Stock a Much-Needed Boost?
Chesapeake Energy (CHK) stock has been choppy in the last few weeks, and its stock has been following the movements in energy prices. Since the beginning of 2017, CHK stock has fallen 28%.
WTI-Brent crude oil spread moves wider on Libya disruptions
The spread between WTI crude and Brent crude moved wider on Libya supply disruptions.
Key Updates from the Energy Sector on July 17–21, 2017
Noble Energy (NBL) will report its 2Q17 earnings on August 3, 2017. The company’s revenue estimates for 2Q17 stand at $1.06 billion.
Is Oil Losing Its Grip on Natural-Gas-Weighted Stocks?
In the last trading session, CHK declined 6.5% despite oil’s 0.6% rise.
Higher natural gas liquids prices help wet gas producers like LINE
NGL prices traded higher last week, helping wet gas producers. NGL prices are an important indicator to track in the energy space.
Futures Spread: Bullish Sentiments Are Rising
On March 19, the natural gas futures for April 2019 closed at a premium of ~$0.22 to the April 2020 futures.
Must-know: Why the US total rig count increased last week
U.S. total rig count increases by six The U.S. total drilling rig count increased by six rigs, from 1,883 to 1,889, during the week ending August 1 according to Baker Hughes, which publishes rig counts every week. The number of oil rigs increased by 11, while the number of natural gas rigs decreased by five. […]
Can Crestwood Equity’s Arrow Gathering Volumes Bounce Back?
In this article, we’ll look at Crestwood Equity Partners’ (CEQP) throughput volumes at its major operating regions in 3Q16.
Tracking Natural Gas–Weighted Stocks after the Inventory Report
On December 13, 2017, natural gas (UNG) (BOIL) January futures rose 1.4% and closed at $2.715 per MMBtu (million British thermal units).
Which Natural-Gas-Weighted Stocks Are Following Oil?
CHK has had a negative correlation with natural gas prices in the past five trading sessions.
Short Interest Trends in Chesapeake Energy
On December 8, the short interest as a percentage of float, or the short interest ratio, for Chesapeake Energy (CHK) stock was ~18.6%.
Inside Chesapeake Energy’s 1Q16 Operational Highlights
Chesapeake Energy’s total production volume in 1Q16 was 672.4 Mboepd . This represents a YoY rise of ~1%, adjusted for asset sales.
Must-know: Crucial months unfold for natural gas prices
In its Short-Term Energy Outlook (or STEO) report, the U.S. Energy Information Administration (or EIA) forecasted higher natural gas prices this winter.
Chesapeake Energy Is Trading In-Line with Its Historical Multiples
Chesapeake Energy’s 4Q15 EV-to-EBITDA multiple is in-line with its historical average of ~5.8x. The market value of its equity declined by ~71% year-over-year.
Natural Gas Futures Spread Is Showing Interesting Divergence
On January 8, the natural gas futures for February 2019 closed at a discount of ~$0.07 to the February 2020 futures.
Long or Short: What’s Your Call on Chesapeake Energy Stock?
Chesapeake Energy stock declined 2.3% in the week ending January 29. The rise in crude oil didn’t drive an equivalent increase in Chesapeake Energy stock.
Natural Gas Prices Are Trading in a Narrow Range
The long-term oversupply concerns could drag natural gas prices lower. The key support for natural gas prices is seen at $2.60 per MMBtu.
Natural gas prices rally on cold weather forecasts
The weather is the major driver of natural gas prices, so investors can get an idea of how prices will likely move in the short term.
Energy Stocks that Could Outdo Natural Gas
Between May 15 and May 22, 2017, natural gas June futures fell 0.6%. During that same period, an equally weighted selection of natural gas–weighted stocks fell 1.5%.
Natural Gas Prices: Why the Rig Count Is Important
The natural gas rig count was at 198 last week. The natural gas rig count has fallen ~87.7% from its record level of 1,606 in 2008.
Will US Crude Oil Hit $60?
The EIA reported a fall of 8.6 MMbbls (million barrels) in US crude oil inventories to 445.9 MMbbls for last week.
Rising Rigs Might Offset Natural Gas’s Rise
Between January 2008 and July 2018, US natural gas marketed production rose ~57.6% despite the falling natural gas rig count.
Important Price Points for Natural Gas Traders Next Week
On May 17, natural gas’s implied volatility was 20.6%, 0.5% higher than its 15-day moving average.
Volatility: Risks and Rewards Go Hand in Hand
The Sharpe ratio is calculated using standard deviation as its volatility measure.
What’s the Latest News on Chesapeake Energy Stock?
Chesapeake Energy (CHK) stock increased 18.5% in the week ending May 15. The stock was supported by higher crude oil prices (DBO) (UCO).
Markets Like What Chesapeake Is Doing with Its Debt
Another key reason behind why investors have kept Chesapeake Energy (CHK) in their sights is its significant steps towards debt reduction and management.
Comparing Natural Gas ETFs’ Performances to Natural Gas Prices
Between January 18 and January 25, the United States Natural Gas ETF fell 3.6%, while the ProShares Ultra Bloomberg Natural Gas ETF fell 8.1%.
Natural Gas near $3: Which Gas-Weighted Stocks to Ride?
On March 6, 2017, natural gas futures contracts for April 2017 delivery closed at $2.9 per MMBtu, which is ~2.6% above the previous closing price.
Why 2 similar grades of oil trade at different prices
The spread between WTI and Brent crudes is currently near $8 per barrel because a recent production surge in the U.S. has caused a buildup of crude oil inventories at Cushing, Oklahoma, where WTI is priced.
What Analysts Recommend for Noble Energy
Approximately 63% of analysts rate Noble Energy (NBL) a “buy” and 37% rate it a “hold.”
Higher EIA Inventory Data Might Be Bullish for Natural Gas
In the week ending on October 5, the inventories spread was -17%. The spread contracted by 50 basis points compared to the previous week.
What Could Impact Natural Gas on March 26?
Based on the weather forecast on March 25, the total degree days for the next two weeks moderated from 247 on the previous day to 225.
COG Highly Correlates to Natural Gas Prices, CHK Not so Much
Cabot Oil & Gas (COG) had the highest correlation with natural gas prices in the past one-year, six-month, three-month, and one-month periods.
Who will drive crude oil consumption?
Current lower oil prices and growth from China, India, the United States and Asia Pacific countries will drive crude oil consumption in the long term.
How the Inventory Spread Could Boost Natural Gas Prices
In the week ended October 6, natural gas inventories rose by 87 Bcf (billion cubic feet) to 3,595 Bcf—13 Bcf more than the market expected inventories to rise.
Where Natural Gas Prices Might Head Next Week
Natural gas futures are expected to close between $3.24 and $3.85 per MMBtu 68.0% of the time until January 4.
These Gas-Weighted Stocks Could Mirror Natural Gas’s Bearishness
On April 24, 2017, natural gas futures (UNG) (BOIL) (FCG) contracts for June 2017 delivery closed at $3.16 per MMBtu (million British thermal units).
Rig Count Might Be Negative for Natural Gas Prices
The natural gas rig count was at 198 last week. The natural gas rig count has fallen ~87.7% from its record level of 1,606 in 2008.
Wall Street’s Take on Chesapeake Energy Stock
Almost 65% of the analysts covering Chesapeake Energy (CHK) have rated the stock a “hold.”
Will the Oil Rig Count Increase Natural Gas Downside Risk?
Since 2008, the natural gas rig count has fallen ~89% from its record high. But the fall was unable to stop the rise in natural gas supplies.
Antero Resources: Why Its Stock Ignored Natural Gas
Antero Resources (AR) had the highest correlation of 98.4% with crude oil active futures among gas-weighted stocks in the week ending July 17, 2017.
Natural Gas Prices Rise for 5 Consecutive Days on Rising Demand
NYMEX-traded June natural gas futures increased by 1.62% on Monday—led by the consensus of warm weather estimates. Prices rose for the fifth consecutive day.
Why natural gas prices hit $4 before returning to previous levels
Falling again from levels close to $4, natural gas prices retreated to $3.93 MMBtu after the EIA reported higher than expected inventory increases.
Who’s Shorting Chesapeake: What We Can Infer from CHK Short Interest Trends
On July 21, 2017, the short interest ratio, or short interest as a percentage of float, for Chesapeake Energy (CHK) stock was ~23%.
Behind Chesapeake Energy’s Stock Reaction after Debt Swap Announcement
After its debt swap announcement, CHK’s stock initially spiked to $4.63 on May 12, 2016, but closed at $4.17, down 4.3% compared to the previous close.
Oil: Will Saudi Arabia’s Stimulus Work?
On March 1–8, US crude oil April futures rose 0.5% and closed at $56.07 per barrel. Rising concerns about an economic slowdown limited oil’s upside.
How Did Brexit Impact Crude Oil Prices?
The referendum on June 23 caused the dollar to rise. Needless to say, a stronger dollar put pressure on crude oil prices.
What Are Wall Street’s Opinions on Chesapeake Energy Stock?
Of the analysts covering Chesapeake Energy (CHK), ~65.5% recommend “hold,” ~10.3% recommend “buy,” and 17.2% rate it as “underperform.”
Could Oil’s Moves Influence Natural Gas–Weighted Stocks?
Range Resources and Antero Resources had the highest negative correlations with natural gas June futures over the past five trading sessions.
Part 4: Mid Caps—why value rallies and growth weakens post Fed taper announcement
Value for the long haul The below graph reflects the recent outperformance of mid cap value shares relative to mid cap growth shares since the 2008 crisis, with a more pronounced 10% outperformance since 2013. The prior article in this series demonstrates that mid cap value dominates mid cap growth in the long run, though […]
Oil Rigs Might Be a Concern for Natural Gas Bulls
The natural gas rig count was at 186 last week. However, the natural gas rig count has fallen ~88.4% from its record level of 1,606 in 2008.
Natural Gas Prices Are Trading near the Key Support Again
Natural gas futures contracts for October delivery fell for the second day. Natural gas prices have been fluctuating within a trading range for the last two months.
Why Oil’s Fall Could Be Trouble for Natural Gas–Weighted Stocks
Below is the list of natural gas–weighted stocks that belong to the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) along with their correlations with US crude oil prices in the trailing week.
An overview of the natural gas compression industry
Natural gas compression is essential for transporting natural gas. Compression is used several times during the natural gas production and transportation cycle.
Trafigura: Oil Prices Will Rise to $70 in 2020
On March 25, US crude oil prices fell 0.4% and settled at $58.82 per barrel. Concerns about global economic growth might have dragged oil prices.