Rice Energy Inc

Natural gas production from the lower 48 states of the US increased slightly by 0.6% to 79.82 Bcf as of May 20, 2015—compared to the previous week.

Following Rice Energy’s (RICE) 1Q16 earnings, Wall Street analysts updated their target prices for the company for the next 12 months.

As of August 17, 2016, institutional investors had increased their positions in Rice Energy (RICE) since 2Q16.

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.

EQT (EQT) increased its 2016 production guidance range to 730–740 Bcfe (Billion cubic feet equivalent) from the previous 710–730 Bcfe it predicted during its 1Q16 earnings.

PDC Energy (PDCE) reported its 4Q15 earnings on February 22, 2016. The company announced adjusted revenue of ~$168.6 million.

The EIA (U.S. Energy Information Administration) lowered its production estimates for natural gas. The fall in production corresponds to lower natural gas prices.

In the week ended July 14, 2017, the natural gas rig count fell by two. However, in the trailing year, the natural gas rig count has more than doubled.

The short interest ratio (or short interest as a percentage of float) in Noble Energy (NBL) stock on June 27, 2017, was ~3.4%.

Between October 18 and October 25, 2017, natural gas active futures had a correlation of 27.4% with US crude oil futures.

The difference between natural gas inventories and its five-year average, the inventories spread, could influence natural gas prices.

On Thursday, September 3, 2015, natural gas prices rallied due to speculation of an increase in demand for natural gas as a result of the warm weather forecast.

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.

Approximately 24% of analysts have rated Whiting Petroleum (WLL) a “strong buy” and ~55% have rated it as a “hold.”

About 73% of Street analysts rate Rice Energy a “buy,” while ~19% rate it a “hold,” and ~8% rate it a “sell.” The average broker target price is $18.93.

In the week ending August 11, 2017, natural gas inventories rose by 53 Bcf to 3,082 Bcf based on the EIA’s data released on August 17, 2017.

Natural gas prices fell for the fifth time over the last ten days. Prices fell by 4.6% more on the average down-days than on the average up-days.

December natural gas futures were almost flat at $2.26 per MMBtu on November 12, 2015. The natural gas prices didn’t change.

Approximately 51% of the analysts rated Whiting Petroleum a “buy,” ~44% rated it a “hold,” and ~5% rated it a “sell.” The average broker target price was $13.10.

Natural gas prices fell for the third-consecutive day on November 19, 2015, due to long-term oversupply concerns and rising natural gas inventories.

UNG shares trade on the New York Stock Exchange like company stock. UNG fell just 0.41% between September 18 and September 24.

September natural gas futures trading in NYMEX fell by 0.53% on August 7. Natural gas prices fell due to oversupply concerns and the mild weather forecast.

On February 17, 2017, natural gas futures (UNG) (BOIL) (FCG) contracts for March 2017 delivery closed at $2.83 per MMBtu (million British thermal units).

Ratings for Continental Resources Approximately 71% of analysts have rated Continental Resources (CLR) a “buy” and ~26% have rated it as a “hold.” The remaining ~3% have rated it a “sell.” The average broker target price of $58.69 for CLR implies a return of around 9% over the next 12 months. CLR makes up part […]

Under EQT Corporation’s (EQT) existing ownership, the company owns a 90% limited partner interest and non-economic general partner interest in EQT GP Holdings (EQGP).

In the two weeks since January 6, 2017, Chesapeake Energy (CHK) has returned about -4.6%, underperforming the energy sector.

September natural gas futures contracts rose by 1.32% on Tuesday on August 25, 2015. Natural gas prices rose due to warm weather estimates.

2016 has been good for natural gas prices (UGAZ). Prices have risen ~34% year-over-year.

October natural gas futures contracts trading in NYMEX rose by 2.41% on September 14. The rising demand due to warm weather estimates supported natural gas prices.

Chesapeake has made it out of its volatile 2016 days and has given better returns than the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

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.

Rice Energy’ 4Q16 EPS (earnings per share) was $0.37 compared to analysts’ consensus estimate of $0.03. Its 4Q15 EPS was $0.16.

Natural gas futures contracts for December delivery rose by 2.8% on October 30. Natural gas prices rose for the second day due to the cold weather forecast.

The United States Natural Gas ETF (UNG) tracks prompt natural gas futures. UNG shares rose 0.88% between September 4 and September 10.

September natural gas futures contracts trading in NYMEX rose by 2.18% on August 4, 2015. Prices rose for the second day due to the warm weather forecast.

NYMEX-traded natural gas futures contracts for October fell by 0.48% and closed at $2.70 per MMBtu on September 1. Prices were almost flat due to oversupply concerns.

NYMEX-traded natural gas futures contracts for January delivery fell by 3.8% and closed at $2.21 per MMBtu (British thermal units in millions) on Friday, November 27, 2015.

Last week (ended October 13, 2017), the natural gas rig count fell by two to 185, but on a YoY (year-over-year) basis, the natural gas rig count rose 76.2%.

Natural gas futures contracts for September delivery rose by 1.79% on August 10. Natural gas prices rose due to the consensus of rising demand.

Chesapeake Energy’s (CHK) short interest ratio on March 24, 2017, was ~15.02%. But its short interest ratio at the start of the year was ~11.6%.

Around 67% of analysts recommend Chesapeake Energy as a “hold.” The average broker target price of $7.54 implies a return of ~9% over the next 12 months.

Chesapeake Energy’s (CHK) short interest ratio on January 27, 2017, was ~1.1%.

Rice Energy’s 2017 production guidance is 1,320 MMcfe/d. That’s a CAGR of ~70.0% since 2014.

Natural gas futures contracts for December expiry fell by 2.5% on Wednesday, November 11, 2015. Natural gas prices fell due to weak demand cues.

NYMEX-traded natural gas futures contracts for December delivery rose by 1% on November 16. Natural gas prices rose almost 5.5% in two days.

On March 3, 2016, natural gas futures touched a 17-year low. From March 3, 2016, to March 20, 2017, natural gas rose 85.4% on a closing price basis.

Last week, total US natural gas consumption increased by 5.1% week-over-week. Consumption increased by 0.8% compared to last week in the residential and commercial sectors.

On March 13, 2017, natural gas futures contracts for April 2017 delivery closed at $3.04 per MMBtu, which is ~1.2% above the previous closing price.

The United States Natural Gas ETF (UNG) tracks natural gas futures and trades on the NYSE. Notably, UNG fell by 7.53% between September 25 and October 1.

Natural gas futures contracts for October delivery rose by 0.13%. Rising natural gas stocks will continue to put downward pressure on natural gas prices.

October natural gas futures contracts trading in NYMEX rose by 1.13% on September 10. Natural gas prices rose due to the lower rise in inventory data.

UNG shares trade on the New York Stock Exchange like company stock. UNG fell 1.1% between August 21 and August 27.

Last week (ended October 20, 2017), the natural gas rig count fell by eight to 177.

On March 3, 2016, natural gas futures touched a 17-year low. From March 3, 2016, to February 6, 2017, natural gas rose 86% on a closing price basis.

Natural gas futures for May delivery dropped by 2.28% on April 8, 2015. Yesterday, gas prices closed at $2.61 per MMBtu.

One safer and low-cost avenue for betting on natural gas prices is the United States Natural Gas Fund (UNG), an ETF that tracks prompt natural gas futures.

Chesapeake Energy reported its 4Q16 earnings before the market opened on February 24, 2017. Its 4Q16 revenue was ~$2 billion, compared to an estimate of ~$2.6 billion.

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) underperformed other energy ETFs from June 23–30, 2016.

NYMEX-traded natural gas futures contracts for October delivery fell by 1.09% on September 15. Natural gas prices fell despite the warm weather consensus.

NYMEX-traded September natural gas futures contracts rose by 1.18% on August 3, 2015. Natural gas prices rose due to warm weather estimates.

In the week ending July 14, 2017, natural gas inventories rose by 28 Bcf to 2,973 Bcf. The market expected a rise of 39 Bcf for the week ending July 14.

In the week ending August 4, 2017, natural gas inventories rose by 28 Bcf to 3,038 Bcf. The EIA reported natural gas inventory data on August 10, 2017.

On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3 to October 24, 2016, natural gas rose 72.6% on a closing price basis.

On February 27, 2017, natural gas futures contracts for April 2017 delivery closed at $2.69 per MMBtu, which is ~3.4% below the previous closing price.

October natural gas futures contracts trading in NYMEX rose by 2.07% on September 8. Natural gas prices rose for the second day due to hot weather estimates.

September natural gas futures contracts rose by 0.07% on August 11. Natural gas prices traded almost flat due to rising natural gas inventory estimates.

In the week ended October 6, 2017, the natural gas rig count fell by two to 187.

ETFs like the United States Natural Gas—UNG—ETF fell in the direction of natural gas prices on November 20, 2015. UNG fell by 4.7% on the day.

On October 9, 2017, natural gas (BOIL) (FCG) November futures closed at $2.83 MMBtu (million British thermal units), which was 1% less than the previous day’s closing price.

In this part of the series, we’ll look at Chesapeake Energy’s (CHK) cash flow. In 2Q16, CHK reported cash flow from operations (or CFO) of ~$95 million.

Between September 1 and September 11, 2017, our collection of natural gas–weighted stocks fell 3.1%, while natural gas October futures fell 3.9%.

In the week ended September 29, 2017, the natural gas rig count fell by one to 189. On a year-over-year basis, the natural gas rig count has risen ~97%.

December natural gas futures contracts fell by 2.8% on November 2, 2015. Natural gas prices fell due to mild winter estimates and weak demand cues.

Natural gas (UNG)(BOIL) September futures fell 4.2% between July 17 and 24, 2017. On July 24, natural gas September futures fell 2.7%.

On July 7, 2017, the short interest ratio in Chesapeake Energy (CHK) stock was ~15%. In January 2017, Chesapeake Energy’s short interest ratio was ~11.6%.

The EIA reported that the US natural gas inventory fell by 32 Bcf (billion cubic feet) to 3,814 Bcf for the week ending December 18.

On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3 to September 19, 2016, natural gas rose 78.9% on a closing price basis.

The fall in energy ETFs started after the fall in oil prices on July 5, 2016, and when Brexit concerns and supply-related fears resurfaced.

The EIA released its Weekly Natural Gas Inventory Report on June 2. US natural gas inventories rose by 82 Bcf to 2,907 Bcf between May 20 and May 27, 2016.

Following the close of the Rice acquisition, EQT’s Marcellus acreage would rise from 813,000 to 1.0 million.

According to the EIA, Henry Hub natural gas spot prices averaged $2.82 per MMBtu in July, up $0.24 compared to the June average.

EIA data released on January 28 highlighted that the US natural gas inventory had fallen by 211 Bcf to 3,086 Bcf for the week ending January 22, 2016.

Rice Energy will release its 1Q16 earnings on May 4. The company’s 1Q16 revenue estimates stand at ~$197.5 million. Its revenue in 1Q15 was ~$109.5 million.

Hedge funds’ net long positions in US natural gas futures and options contracts rose 50% to 164,450 on January 16–23, 2018.

If, in real estate, everything is “location, location, location,” then with natural gas investing, everything is “weather, weather, weather.”

Because of the Permian’s lowest break-even costs and high IRRs (internal rates of return), producers scooped up prime acreage that could produce at a profit even as crude oil prices stayed low.

Merger and acquisition (or M&A) activity in the oil and gas sector has been in high gear in 2017.

On September 18, 2017, the short interest ratio in Chesapeake Energy (CHK) stock was ~22%. In January, the short interest ratio was ~12%.

In the week ended September 1, natural gas inventories rose 65 Bcf (billion cubic feet) to 3,220 Bcf, based on the EIA data released on September 7.

EQT believes the PV (present value) of the synergies following the completion of the deal is more than the $2.5 billion it had initially specified.

EQT’s (EQT) proposed acquisition of Rice Energy (RICE) is expected to add around 1.3 Bcfe (billion cubic feet equivalent) per day to EQT’s natural gas volumes.

Between August 14 and August 21, 2017, natural gas–weighted stocks fell 1.1% compared to a 0.1% rise in the natural gas September futures during this period.

The EIA (Energy Information Administration) estimates that monthly US dry natural gas production hit a ten-month high.

PointLogic estimates that weekly US dry natural gas production rose 0.1% to 72.8 Bcf (billion cubic feet) per day on July 27–August 2, 2017.

Natural gas–weighted stocks from the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) collectively rose 1.9% on July 24–31, 2017.

On Monday, July 3, 2017, activist hedge fund Jana Partners revealed a 5.8% stake in EQT (EQT). The hedge fund is hoping to thwart EQT’s plans to acquire Rice Energy (RICE).

To finance its Rice Energy (RICE) acquisition, EQT (EQT) plans to issue $5.4 billion in equity and pay $1.3 billion in cash.

Following the announcement of the EQT (EQT)–Rice Energy (RICE) deal, EQT’s stock was down ~10% on June 19. Rice Energy’s (RICE) stock, on the other hand, rose ~25%.

On Monday, June 19, 2017, EQT (EQT) announced that it intends to acquire Rice Energy (RICE).

On April 19, Cabot Oil and Gas’s short interest as a percentage of its float was ~4.5%. At the beginning of the year, its short interest ratio was 4.2%.