|Bid||4.29 x 2200|
|Ask||0.00 x 2200|
|Day's Range||4.26 - 4.36|
|52 Week Range||2.53 - 5.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.63|
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after geopolitical events in Venezuela and Saudi Arabia drive up the price of crude oil.
Alan Valdes at Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves ahead of next week's earnings, with Disney set to report quarterly results.
On August 16, natural gas’s implied volatility was 21.2%, which was ~1.4% above its 15-day moving average. In the trailing week, natural gas’s implied volatility fell 1.4%. Natural gas September futures fell 1.6% during the same period. Since June, these two metrics have been moving in tandem.
Since the 2014-16 energy price collapse nearly forced the company into bankruptcy, Chesapeake stock has found itself mired in the single digits. Indeed, its enormous debt and sometimes plunging oil prices affected the stock price. If oil prices remain near current levels and the company sells more assets, Chesapeake can stabilize its balance sheet.
The natural gas rig count was at 186 last week—three more than the previous week. However, the natural gas rig count has fallen ~88.4% from its record level of 1,606 in 2008. US natural gas marketed production rose ~51.9% between January 2008 and May 2018 despite the natural gas rig count falling. As a result of the increased supply, natural gas active futures have fallen 62.3% since January 2008.
On August 14, natural gas September futures rose 1% and settled at $2.959 per MMBtu (million British thermal units)—the highest closing level for active natural gas futures since June 27.
Oil prices started the day trading up on news that Saudi Arabia had reduced its production in July, but economic uncertainty driven by Turkey’s currency crisis dragged prices down later in the day
On August 3–10, the United States Natural Gas ETF (UNG) rose 3.4%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 6.7%. These ETFs track natural gas futures.
US E&P (exploration and production) stocks, particularly oil-weighted stocks, were sluggish last week (ended August 10) due to crude oil prices falling sharply mid-week. Although crude oil recovered slightly on Friday, it fell 1.3% last week to close at $67.60 per barrel. Trade tensions, expectations of lower demand, and strength in the US dollar weighed on crude oil prices, while sanctions on Iranian oil supported them.
On August 9, natural gas’s implied volatility was 21.5%, which was ~5.9% above its 15-day moving average. In the trailing week, natural gas’s implied volatility has risen 5.4%. September natural gas futures have risen 4.9% during the same timeframe. Since June, these two metrics have been moving in tandem.
Moody's Investors Service (Moody's) upgraded The Williams Companies, Inc.'s (Williams) senior unsecured notes rating to Baa3 from Ba2, and assigned a Prime-3 Commercial Paper (CP) Rating to the company's new CP program. Moody's also affirmed the Baa3 ratings on Williams Partners L.P.'s (WPZ) senior unsecured notes and its stable rating outlook. Concurrently, Moody's withdrew Williams' Ba2 Corporate Family Rating, Ba2-PD Probability of Default Rating, and the SGL-2 Speculative Grade Liquidity Rating.
On August 1–8, our list of natural gas–weighted stocks rose 2%, while natural gas September futures rose 6.9%. On average, natural gas–weighted stocks underperformed natural gas futures during this period.
The oil and gas driller made it clear that it’s not the same company it was a few years ago.
The natural gas–weighted stocks under review that are sensitive to US crude oil September futures’ movements based on their correlations with US crude oil September futures in the last five trading sessions are: Gulfport Energy (GPOR) at 33.2% Cabot Oil & Gas (COG) at 28.7% Chesapeake Energy (CHK) at 26.1%
On August 8, natural gas September futures rose 1.8% and settled at $2.949 per MMBtu (million British thermal units)—the highest closing level for active natural gas futures since June 27. Rising temperatures in the United States might be behind the rise in natural gas prices.
In the week ending July 27, natural gas inventories rose by 35 Bcf (billion cubic feet) to 2,308 Bcf, according to the EIA’s (U.S. Energy Information Administration) data released on August 2. The market expected an addition of 51 Bcf for the same week, according to Reuters’ estimates. On August 2, natural gas September futures rose 2.1%.
Chesapeake Energy (NYSE:CHK), the darling of the early decade fracking boom, is still alive with $70-per-barrel of oil, but the pulse is weak. The result disappointed CHK stock investors, who sent the stock crashing by 6% in pre-market trading, a loss of 29-cents-per-share.
The natural gas rig count was at 183 last week, three less than in the previous week. The natural gas rig count has fallen ~88.6% from its record level of 1,606 in 2008. However, US natural gas marketed production rose ~51.9% between January 2008 and May 2018 despite the natural gas rig count falling. As a result of the increased supply, natural gas active futures have fallen 63.1% since January 2008.
Penny stocks are often dangerous for individual investors. Generally described as stocks with a price under $5, the group usually consists of quite a few fallen angels and growth stocks that haven’t reached, and potentially won’t reach, their potential.
NEW YORK, NY / ACCESSWIRE / August 7, 2018 / U.S. markets closed in the green on Monday, as Nasdaq surged for the fifth consecutive session, on a batch of strong corporate earnings, amidst ongoing trade-related ...
Shares of Chesapeake Energy tumble in active trade after the company beat earnings expectations but came up short on revenue, as oil and gas sales fell well below Wall Street forecasts.
Yesterday, natural gas’s implied volatility was 20.4%, ~3% above its 15-day moving average. In the last week, its implied volatility has risen 4.6%, and September natural gas futures have risen 2%. Since June, these two variables have been moving together.