|Bid||78.11 x 500|
|Ask||78.19 x 700|
|Day's Range||77.68 - 78.25|
|52 Week Range||77.68 - 93.22|
|PE Ratio (TTM)||32.56|
|Dividend & Yield||3.08 (3.94%)|
|1y Target Est||N/A|
Woodside Petroleum reported a 49 percent jump in half-year profit on Wednesday, buoyed by higher oil prices and lower costs, and said it was making progress on plans to develop its gas assets off Western Australia. Australia's biggest independent oil and gas producer said it has a war chest of $2.6 billion in cash and untapped credit to develop stakes in the Scarborough and Browse fields off Western Australia, expand its Pluto liquefied natural gas (LNG) project and develop prospects in Myanmar and Senegal.
Canadian miner Crystallex is seeking to seize shares in a subsidiary of Venezuelan state oil company PDVSA that owns U.S. refiner Citgo as part of a dispute over Venezuela's 2008 takeover of the Las Cristinas gold mine, according to court filings. Crystallex is seeking to collect on a $1.4 billion award it won via a World Bank arbitration panel in 2016.
Thanks to higher oil and gas prices, Chesapeake Energy Corporation (NYSE:CHK) made money in Q2 2017, its second consecutive quarter in the black, putting an artificial floor under CHK stock. When I last wrote about Chesapeake back in April, I said CHK stock was still a huge risk at $6. While its earnings situation is looking far better — Chesapeake Energy generated three times as much revenue in the second quarter year-over-year from less production — it still has a tremendous amount of debt.