Chesapeake Energy Corp
Latest Chesapeake Energy Corp News and Updates
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.
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.
ConocoPhillips: Investors’ Confidence Is Rising
Since ConocoPhillips (COP) reported its fourth-quarter earnings results on January 31, the stock has fallen 1.7%.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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. […]
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).
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 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%.
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.
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.”
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).
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.
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.
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.
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 […]
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.
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.
Natural gas liquids prices rise, boosted by propane prices
The representative NGL barrel reached highs of up to ~$50 per barrel in early February, given the strength in propane prices due to a cold winter as well as natural gas prices that pushed ethane prices up.
Rebound in Natural Gas Didn’t Help Gas-Weighted Stocks
On March 3, 2016, natural gas futures touched a 17-year low. From March 3, 2016, to March 13, 2017, natural gas rose 85.4% on a closing price basis.
Higher natural gas liquids prices: Key causes and beneficiaries
This week saw NGL prices trade up by 5%, a positive short-term indicator. Plus, note that NGL prices are up significantly since late June, a positive medium-term indicator.
IEA Reveals a Big Surprise for Oil Bulls
On March 14, US crude oil April futures rose 0.6% and settled at $58.61 per barrel, the highest closing level for US crude oil active futures since November 12.
Chesapeake’s Fall: Why Investors Should Watch the Stock Closely
On May 13, Chesapeake Energy (CHK) stock closed at $2.40, 12.7% above its lowest closing price of 2019.
Natural Gas’s Rise: Why Gas-Weighted Stocks Are Underperforming
Between March 20, 2017, and March 27, 2017, natural gas futures contracts for May 2017 rose 1%. The commodity saw the small gain due to slightly bullish inventory data.
What higher natural gas liquids prices mean for the energy sector
Natural gas liquid prices recovered somewhat last week, likely off the back of higher crude oil prices.
Lower natural gas prices last week positive for coal-to-gas switching
Last week, natural gas prices declined more than coal prices which is an incentive for power plants to use more natural gas as fuel relative to coal.
Weather Plays a Vital Role in Driving Natural Gas Prices
The consensus of rising inventories for the week ending July 31, 2015, might put downward pressure on natural gas prices.
The spread between WTI and Brent oil narrows to ~$6 per barrel
The WTI-Brent spread narrowed to ~$6 per barrel last week and the prices between WTI and Brent have generally been moving closer over the past few months.
Factors Keeping US Crude Oil below the $70 Mark
US crude oil September futures closed at $68.69 per barrel on July 27—the fifth straight closing below $70.00 per barrel.
Popular ways for investors to play natural gas prices
For most investors, the most straightforward way to play natural gas prices is through commodity ETFs or investing in equities that produce natural gas.
Why Natural Gas Prices Have Fallen by 4.6% in the Last 3 Days
Natural gas prices fell for the third-consecutive day on November 19, 2015, due to long-term oversupply concerns and rising natural gas inventories.
Crude oil gained – supply declined and demand outlook improved
WTI crude oil prices have been highly volatile in February 2015. Last week, the EIA reported that commercial crude oil inventories rose by 8.4 MMbbls.
Which Gas-Weighted Stocks Are Outperforming Their Peers?
On October 16–23, 2017, natural gas–weighted stocks collectively fell 3.2%—compared to a 1.5% rise in natural gas futures.
Must-know: Why natural gas prices fell 6% last week
This past week, natural gas prices decreased by $0.25 per MMBtu. Natural gas prices remain low in a long term perspective despite last week’s great slip.
Why did the WTI-Brent spread continue to narrow last week?
The WTI-Brent spread continued to narrow last week. The EIA recently revised its prediction for 2014′s average WTI-Brent spread.
Natural Gas Avenues for Investors: Performance in June 19 Week
Natural gas futures increased by 0.73% from June 12–18. For investors who don’t have easy access to the futures market, there are other ow-cost avenues to bet on natural gas prices.
Crude Oil Prices Fall Due to Refined Products’ Glut
November WTI crude oil futures contracts fell by 2.6% on October 19. Crude oil prices fell due to the mammoth rise in the gasoline glut and weak demand cues.
Why Did Chesapeake Energy’s Stock Fall Last Week?
In the two weeks since January 6, 2017, Chesapeake Energy (CHK) has returned about -4.6%, underperforming the energy sector.
Natural gas production growth expected to continue
Since mid-2011, natural gas production has increased even though the number of rigs has fallen. Drilling efficiencies have contributed to this trend.
Must-know: Why upstream players like ExxonMobil rely on fracking
For upstream companies, fracking has turned prospects that were previously considered non-viable into profitable opportunities.
How Natural Gas Prices Have Supported Chesapeake Energy
2016 has been good for natural gas prices (UGAZ). Prices have risen ~34% year-over-year.
Why Petrobras expanded its international operations
In 2013, PBR produced ~128 thousand barrels of oil per day (or bbl/d) of crude oil and natural gas liquids (or NGLs). It produced ~560 million cubic feet per day (or MMcf/d) of natural gas outside Brazil.
Why oil prices continued a 2-week rally, driving energy stocks
Crude oil prices continued to rally, as a sharper-than-expected decrease in distillates helped to support prices. Oil prices have remained relatively high and stable.
Analyzing the Futures Spread and Natural Gas Prices
On December 24, the natural gas futures for February 2019 closed at a premium of ~$0.35 to the February 2020 futures.
Tyco International to Tie Up with Johnson Controls
Tyco International (TYC) and Johnson Controls (JCI) revealed on Monday, January 25, 2016, that they are going to merge. The news raised TYC stocks that day, while JCI fell 3.9%.
Natural Gas Prices Recover Ahead of Inventory Report
Natural gas prices rose for the sixth time in the last ten days. Prices fell by 4.5% more on the average down days than on the average up days over the same period.
Natural gas liquids prices fall, hurting wet gas producers
Natural gas liquids prices fell on the week but remain up significantly since lows in June.
Ethane production: The prospects and possibilities in the market
Ethane has historically received significantly more advantageous pricing than dry natural gas.
Chesapeake Energy Has Taken These Steps to Decrease Its Debt
Chesapeake has been intently focusing on reducing its debt load. Over the past three quarters, it has reduced its 2017 maturing and puttable debt commitments.
Energy Sector Led the S&P 500 Lower on February 16
After a brief decline on Wednesday, the S&P 500 energy sector lost strength and fell on February 16. The rise in crude oil inventories dented the sentiment.
Natural Gas Rebound: Pick Gas-Weighted Stocks Carefully
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3, 2016, to March 6, 2017, natural gas rose 76.8% on a closing price basis.
Oil Prices: Why ‘March’ Could Be Important
On February 28, US crude oil April futures rose 0.5% and settled at $57.22 per barrel.
Wall Street’s Sentiments for Chesapeake Energy
Approximately 65.5% of the Wall Street analysts covering Chesapeake Energy (CHK) stock have rated it a “hold.”
COG’s Implied Volatility Has Fallen Significantly since Early 2016
Cabot Oil and Gas’s (COG) current implied volatility is ~36.4%, ~3% lower than its 15-day average of 37.4%.
How Natural Gas Could React to EIA Inventory Data
On June 20, the EIA is scheduled to release its natural gas inventory report for the week ending June 14. Any rise less than ~76 billion cubic feet could cause the inventories spread to expand more into the negative territory.
Cabot’s Free Cash Flows Have Been on an Upward Trend
In 4Q16, Cabot Oil and Gas (COG) reported cash flows from operations (or CFO) of ~$140 million.