|Bid||3.1300 x 39400|
|Ask||3.1400 x 47300|
|Day's Range||3.0900 - 3.1600|
|52 Week Range||1.7100 - 5.6000|
|Beta (3Y Monthly)||2.39|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.05|
Oil and Natural Gas: Are Traders Taking Opposite Positions?(Continued from Prior Part)Natural gasOn April 22, natural gas prices settled at $2.52 per MMBtu (million British thermal units)—1.4% above the lowest closing level for active natural gas
US Crude Oil Is Heading for a New HighUS crude oilOn April 22, US crude oil prices rose 2.3% and settled at $65.55 per barrel—the highest closing level for active US crude oil futures since October 31, 2018. On April 22, the US announced that the
What Might Impact US Oil Exports in the Coming Days?(Continued from Prior Part)Brent-WTI spread and US upstream companiesThe widening gap between Brent and WTI crude oil prices could benefit US crude oil exporters. Any rise in the spread could help
Key Events in the Energy Sector Last Week(Continued from Prior Part)Energy stocksIn the week ending on April 18, upstream stock Gulfport Energy (GPOR) fell the most among the stocks in the energy space. The stocks are included in the following
Key Events in the Energy Sector Last WeekUS crude oil last weekOn April 12–18, US crude oil June futures rose 0.1% and closed at $64 per barrel. Profit-booking and concerns surrounding possible production cut extensions into the second half of
You can't call Chesapeake Energy Corporation (NYSE:CHK) cheap without the word speculative being used in the same sentence. I get it. Still, for contrarian investors off and on the price chart, CHK stock is making the right moves worthy of a long position … with possibly a string or two attached. Let me explain.Source: Chesapeake EnergyIt has been nearly two years since I last wrote about debt-saddled energy play CHK stock. At the time, since I was more than a bit concerned about Chesapeake's prospects, I offered bearish investors a way to position for downside in shares with reduced and limited-risk using Chesapeake's options market.The bearish CHK stock spread ballooned from 25 cents to 96 cents for a return of 284% in less than two months. Nice, right?InvestorPlace - Stock Market News, Stock Advice & Trading TipsI can't guarantee the same type of result in today's market. Nevertheless, the time has arrived for contrarian-oriented investors to consider gaining long exposure in CHK stock and maybe inflicting similar damage to bears overstaying their welcome.No doubt, Chesapeake Energy still has a load of debt to deal with. But it has been making serious strides in the right direction with those obligations. * 7 Tech Stocks With Too Much Risk, Not Enough Upside Additionally, CHK's most recent corporate confessional in late February offered solid growth, topped the Street's profit and sales views and raised guidance, moving the company closer to being free-cash-flow positive. And importantly, Chesapeake Energy stock is enjoying a supportive price chart that's now offering today's investors a lower-risk entry, but one with a string or two attached.Well … maybe. CHK Stock Monthly ChartThere are no guarantees with investing in the stock market other than the opening and closing bells. But CHK stock has confirmed a good-looking bottoming pattern, which has the earmarks of turning into a durable bullish uptrend.As the detailed monthly chart shows, Chesapeake shares have put together a double bottom which took three years to form. The formation received upside confirmation in the immediate aftermath of CHK's earnings reaction and enjoyed the added benefit of a bullishly divergent stochastics set-up.Now and as the daily chart below reveals, CHK stock is offering investors an even-lower-risk, technical-based entry in shares. CHK Stock Daily Chart The same price action which confirmed the monthly chart bottom in CHK stock also had the effect of establishing a higher-high pattern followed by a higher low on the daily price chart. In turn, an uptrend supporting the bottom in Chesapeake stock has developed.Now, several sessions after forging another higher high to solidify Chesapeake's new trend, shares are pulling back and offering intrepid investors a lower-risk entry point. Buying CHK StockWhat I'm expecting is for CHK stock's next higher low within the uptrend to form. Once it does, investors should buy shares upon price confirmation that a new pivot is in place. This caveat means any low which develops must remain above the early March pivot, which is now also reinforced by the 50% retracement level. And if support subsequently fails to hold, I'd pull the plug on the position and exit.Bottom line, with just 28 cents of risk between Thursday's close and the March low of $2.63, this entry is not so much about a string or strings being attached. Rather, it's more like a smart lifeline for contrarian investors in a good-looking speculative name.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post Why and How to Buy Chesapeake Stock Here appeared first on InvestorPlace.
What Could Impact Natural Gas on April 22?Natural gas last weekOn April 12–18, natural gas active futures fell 6.3%. Forecasts for lower demand dragged natural gas to $2.49 per MMBtu (million British thermal units) on April 18—the
OKLAHOMA CITY , April 19, 2019 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared dividends on its outstanding convertible preferred stock ...
Will Natural Gas Keep Plunging?(Continued from Prior Part)Natural gas’s implied volatility On April 17, natural gas’s implied volatility stood at 22.96%, which is ~18% above its 15-day moving average. The implied volatility has risen ~21.5% in
Will Natural Gas Keep Plunging?Natural gasOn April 17, natural gas prices fell 2.1% and settled at $2.517 per MMBtu (million British thermal unit)—the lowest closing level for active natural gas futures since June 8, 2016. In the trailing week,
What Helped Your Energy Portfolio Overcome Oil's Weakness?US crude oil moved lower this weekOn April 17, US crude oil June futures fell 0.5% and settled at $63.87 per barrel. Profit-booking and the small decline in the S&P 500 Index (SPY) might
A look at the shareholders of Chesapeake Energy Corporation (NYSE:CHK) can tell us which group is most powerful. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage o...
Will Natural Gas Recover from Its Two-Month Low?(Continued from Prior Part)Futures spreadOn April 16, the natural gas futures for May 2019 closed at a small discount of ~$0.01 to the May 2020 futures. On April 9, the futures spread was at a premium
Will Oil Extend Its Gains following China's Latest Data Release?Oil prices Today at around 10:56 AM EDT, US crude oil May futures were $0.16 higher than their last closing price. Today, US crude oil active futures made an intraday high of $64.61,
Will Natural Gas Recover from Its Two-Month Low?(Continued from Prior Part)Required change in inventories On April 18, the EIA (U.S. Energy Information Administration) is scheduled to release its natural gas inventory report for the week ending April
Will Natural Gas Recover from Its Two-Month Low?(Continued from Prior Part)Natural gas rig count The natural gas rig count was at 189 last week—five less than the previous week. The natural gas rig count has fallen ~88.2% from its record level of
Will Natural Gas Recover from Its Two-Month Low?Natural gas prices On April 16, natural gas May futures fell 0.8% and settled at $2.57 per MMBtu (million British thermal units)—the lowest closing level for active natural gas futures since February
Exxon Mobil (NYSE:XOM) has a lot going for it. The company's integrated structure mitigates the effect on oil prices on earnings -- and on the XOM stock price. New management has an aggressive growth plan. Annual dividend increases continues to be solid with Exxon Mobil stock currently offering an attractive 4% yield.Overall, I like XOM stock -- at the right price. Indeed, I bought Exxon Mobil stock last year in the $70s. But I sold it in the $80s, because, again, price matters for the shares.With interest in the energy sector heating up of late, thanks to a big merger and higher oil prices, Exxon Mobil stock might seem even more attractive at the moment. But the same structure that mitigates risk also reduces reward. And so investors seeing more upside in energy stocks should remember that if the sector continues to rally, XOM is likely to underperform.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Energy Sector Gets HotThe U.S. energy industry -- which has struggled for a good chunk of the post-crisis bull market -- looks hot again. WTI crude oil prices have risen 39% already in 2019. Shale plays in Texas, in particular, are growing production at a rapid clip. And now Chevron (NYSE:CVX) is planning to acquire Anadarko Petroleum (NYSE:APC) in a deal valued at nearly $50 billion. * 10 Dow Jones Stocks Holding the Blue Chip Index Back As CNBC reported, there's a sentiment among analysts, at least, that the Chevron-Anadarko deal is just the first of many. Investors seem to agree, as major Permian stocks like Pioneer Natural Resources (NYSE:PXD) and Concho Resources (NYSE:CXO) jumped on the news of the acquisition. Those companies could be acquisition targets themselves with Exxon Mobil a potential buyer.All told, the optimism toward the industry seen so far this year makes some sense. Oil prices are helping, though natural gas prices have faded after a late 2018 spike. Production in the Permian, as well as the Bakken play in North Dakota, is likely to increase. With energy stocks largely left for dead the past few years, there's likely room for the rally to continue. Why Not Exxon Mobil Stock?If that rally does continue, XOM stock very well could rise. But it's highly unlikely that an integrated producer is the right bet for higher oil prices -- and greater shale production.The key reason is the same as it was two years ago: XOM actually isn't a great play on oil prices. The company's "downstream" businesses -- refining and petrochemicals -- benefit from lower crude prices. This has proven to be a good thing in recent years as oil plunged, as XOM stock for the most part held up well. (It certainly performed better than most other oil stocks, particularly during the 2014-2015 bust.)But those downstream businesses generally will see margins compress if oil continues to rally. And so upstream-only players -- producers like Anadarko and Concho -- should benefit more if oil adds to its YTD gains.There's also the M&A angle. Obviously, no company is going to acquire Exxon Mobil; it's the largest energy company in the world outside of Saudi Arabia. Rather, particularly given its relative lack of shale exposure, Exxon Mobil is going to be the acquirer if the shale boom continues, but it's the target, not the buyer, whose stock generally rises in those scenarios. Options Beyond XOM StockFor both those reasons, an investor betting on continued optimism toward shale should look away from XOM stock -- and to the smaller producers, one of which might be acquired by Exxon Mobil. That's why Concho and Pioneer rose on the news of the Anadarko acquisition. Chesapeake Energy (NYSE:CHK) continues to be a high-risk, and high-reward, play on that thesis. (Indeed, CHK has risen 46% so far this year.) Its debt load makes an acquisition unlikely for now; higher oil prices should make that debt more manageable and increase near-term cash flow that can reduce its leverage. * 8 Risky Stocks to Watch as Earnings Season Kicks Off Broadly speaking, there's no shortage of potential plays if shale is going to keep moving higher. Per CNBC, RBC analyst Scott Hanold called out Noble Energy (NYSE:NBL) as a likely takeout candidate. Apache Corporation (NYSE:APA) has shale exposure and enough heft to be attractive to a major like Exxon.Again, this is not to say that XOM is a poor stock or even a sell. Higher oil prices should provide some benefit to earnings and, potentially, to Exxon Mobil shares. The dividend yield is attractive, and the valuation remains reasonable.But if shale growth continues, the big rewards here are going to go to the smaller producers and the companies that get sold. It's at those stocks that investors should look if they think the moves in the energy sector are only beginning.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Why Exxon Mobil Stock Isn't the Play in the Suddenly Hot Energy Sector appeared first on InvestorPlace.
The Zacks Analyst Blog Highlights: Gulfport, Chesapeake, Southwestern Energy, SilverBow and Antero
Has Oil Lost Its Uptrend?US crude oil On April 15, US crude oil prices fell 0.8% and settled at $63.4 per barrel. Profit-booking and concerns about a possible extension of the OPEC and non-OPEC production cut into the second half of 2019 have
Have US Oil Exports Bottomed?Brent-WTI spreadOn April 15, Brent crude oil June futures settled ~$7.78 higher than the WTI crude oil May futures. On April 8, the spread was at ~$6.7—the lowest level for the spread since August 21, 2018.Sign up
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for the 33-county area that encompasses the Eagle Ford Shale and surrounds Bexar County.
Despite past week's supply addition, at 1.155 trillion cubic feet, natural gas inventories are 29.6% under the five-year average and 13.7% below the year-ago figure.
Energy Sector: Key Highlights from Last Week(Continued from Prior Part)Energy stocksIn the week ending on April 12, integrated energy stock Petrobras (PBR) fell the most among the stocks in the energy space. The stocks are included in the following
Energy Sector: Key Highlights from Last WeekUS crude oil last weekOn April 5–12, US crude oil May futures rose 1.3% and closed at $63.89 per barrel—1.1% below the highest closing level for US crude oil active futures since November 2018.Sign