|Bid||37.00 x 900|
|Ask||44.50 x 900|
|Day's Range||43.49 - 45.31|
|52 Week Range||40.40 - 76.70|
|Beta (3Y Monthly)||1.63|
|PE Ratio (TTM)||36.53|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||1.20 (2.64%)|
|1y Target Est||68.63|
About 15 gunmen dressed in black opened fire on a convoy, Portuguese news agency Lusa reported, citing a person it didn’t identify. The incident is “very significant” and may signal a shift in tactics by the insurgents, according to Eric Morier-Genoud, a senior lecturer at Queen’s University Belfast and an expert on Mozambique’s history. "It is the first time an oil and gas company is attacked," he said in reply to emailed questions.
Energy Transfer's (ET) earnings and revenues improve on a year-over-year basis in Q4 due to contribution from its strong portfolio of assets spread in different areas.
A number of Houston-based energy companies have indicated a general upward trend in the number of people each of them employ, according to their recently filed annual reports. Anadarko Petroleum Corp. (NYSE: APC), Baker Hughes, a GE Company (NYSE: BHGE) and Halliburton Co. (NYSE: HAL) found headcount increases relative to their positions a year ago, according to reports. Anadarko’s headcount is up 300 people to 4,700, a 7 percent increase, according to its annual report.
Although Devon Energy's (DVN) fourth-quarter earnings lag expectation, it continues to increase shareholder value through share buybacks and dividend payments.
SINGAPORE/JAKARTA, Feb 20 (Reuters) - The discovery of a major new natural gas field in Indonesia may push back the day the country's gas consumption outpaces its production and reduce its reliance on imported liquefied natural gas (LNG), officials and analysts said on Wednesday. A consortium led by Spain's Repsol found new gas resources at the Sakakemang block in South Sumatra in Indonesia estimated to contain at least 2 trillion cubic feet, the company said on Tuesday. Repsol claims the find is among the 10 largest made in the world over the past year.
The head of the Colorado Petroleum Council is leaving to become the top executive of a new oil and gas organization connecting oil companies and communities around Texas' booming Permian Basin. Tracee Bentley, executive director and founding leader of the CPC, is stepping down after three years in the post. On March 18, she becomes CEO of the Permian Strategic Partnership, a collaboration started last year by 20 domestic oil producers working in the giant oil field of West Texas to improve the area's quality of life.
Along with many other stocks this year, Chesapeake Energy (NYSE:CHK) has posted a nice return. Note that the shares are up about 19%. This is in-line with other operators like Devon Energy (NYSE:DVN), but this masks a roller-coaster ride. First of all, Chesapeake Energy stock is still well off its high.Since July, the shares have plunged from $5.29 to $2.50. Something else: from Jan. 30 to Feb. 8, Chesapeake Energy stock fell every single day! * 7 Financial Stocks With Accelerating Growth What's going on? Well, the overall volatility in the energy markets has certainly been a major factor, as there has been continued weakness in crude oil and natural gas prices.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSome of the reasons include the strength in the dollar (many commodities are purchased with U.S. dollars), rising production (especially in the U.S.) and a global economic slowing, such as in China and Europe.Of course, the energy market can turn quickly. But at least for now, there are few catalysts to get things back on track - and this should weigh on Chesapeake Energy stock. Operations and Chesapeake Energy StockNow I believe that the company is well run. Since coming on board as CEO in 2013 after a successful stint at Anadarko Petroleum (NYSE:APC), Robert Lawler has wasted little time in improving the operations and the balance sheet.The actions have included more than $1 billion in annual cost cuts and reductions of over $12 billion in debt and more than $10 billion in legacy commitments. Lawyer has also been effective in finding ways to improve cash flows and be disciplined with capital investments.Despite all this restructuring, Lawler has still somehow found ways to expand the company's unconventional assets. There are currently about 14,900 oil and natural gas wells in areas like the Eagle Ford Shale in South Texas, the Anadarko Basin in northwestern Oklahoma, Marcellus Shale in the northern Appalachian Basin in Pennsylvania and Powder River Basin in Wyoming.The recent $3.977 billion acquisition of WildHorse, which is an oil and gals company with assets in the Eagle Ford Shale and Austin Chalk formations in southeast Texas, should also be a positive for CHK stock.With the deal, the oil production is estimated to more than double by the end of 2020 and will bring the overall oil mix to about 30%. There should also be a 50% improvement in EBITDA margins. As for the proved-but-undeveloped oil reserves, these have tripled to 320 million barrels.WildHorse's Eagle Ford holding is particularly attractive. It has about 420,000 acres and about 80% to 85% is underdeveloped. So yes, there is quite a bit of potential. Chesapeake's proven track record with cost efficiencies should also be a big help. In fact, there are expected to be $200 million to $280 million in annual savings over the next five years from the acquisition. Bottom Line on CHK StockIt's really tough to find faults with Lawler's actions. But unfortunately, the key driver is the energy market. And for the most part, the fundamentals are looking weak. They include a terrible combination of oversupply and lagging demand.Yet this does not necessarily mean you should avoid CHK stock. As InvestorPlace.com's James Brumley has noted, the company is a "best-of-breed pick within the exploration and production arena."But I think CHK stock is still for those who are willing to take a long-term view on things. Although, with the stock well off its highs, the current price point does look reasonable, with the forward price-to-earnings ratio at a mere 4X.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Strong Buy Stocks With Over 20% Upside * 5 Growthy Stocks Trading Below 15X Earnings Compare Brokers The post Chesapeake Energy Stock Looks Great, If Youare Willing to Wait appeared first on InvestorPlace.
HOUSTON , Feb. 19, 2019 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, ...
U.S. independent energy producer Anadarko moved closer to a final investment decision (FID)to build a giant liquefied natural gas (LNG) terminal in Mozambique after signing up an Indian buyer for the gas and saying another deal was imminent. Anadarko and Exxon Mobil are expected to sanction two separate but neighbouring LNG projects in Mozambique this year after finding large offshore gas deposits, turning the African nation into a major global gas exporter.
HOUSTON , Feb. 15, 2019 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, ...
Anadarko Petroleum Corp is engaged in the exploration and production of oil and natural gas. The dividend yield of Anadarko Petroleum Corp stocks is 2.39%. Warning! GuruFocus has detected 6 Warning Signs with APC.
HOUSTON , Feb. 13, 2019 /PRNewswire/ -- The board of directors of Anadarko Petroleum Corporation (NYSE: APC) today declared a quarterly cash dividend on the company's common stock of 30 cents per share, ...
According to GuruFocus, these stocks have reached their 52-week lows. The price of Anadarko Petroleum Corp. (APC) shares has declined close to the 52-week low of $41.84, which is 47.3% off the 52-week high of $76.70. The company has a market cap of $21.1 billion.
A final investment decision, commonly called FID, for a massive offshore natural gas block in Mozambique is expected to be ready by March or April, the chairman of Mozambique's national oil company ENH said in New Delhi on Sunday. This is the first time any of the seven partners in the block has given a specific timeline regarding an investment plan for the block, located east of Mozambique's Rovuma basin and called Area 1. An FID for the block could unlock value in one of the world's biggest recent gas discoveries, estimated at 75 trillion cubic feet.
Chesapeake Energy: 'Buy' or 'Sell' after Its Q4 Earnings?Chesapeake’s earnings might fall sequentiallyOn February 27, Chesapeake Energy (CHK) might report an adjusted net income of $0.18 per diluted share based on analysts’ consensus estimates.
NEW YORK, Feb. 08, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
In late October, yours truly here touted Chesapeake Energy (NYSE:CHK) as an underestimated turnaround prospect. Chesapeake stock promptly fell from that day's close of $4.54 to a Dec. 24 close of $1.73, confirming that I am neither clairvoyant nor infallible. Click to Enlarge Source: Philadelphia 76ers Via Flickr Since then, Chesapeake stock has made its way back to its current price near $2.60. Most investors also fully recognize the steep selloff was due to a combination of major market-wide selloff and a meltdown in crude and natural gas prices. The company didn't unexpectedly hit a wall. Still, nothing undercuts a stock's future like broken confidence. * 10 Monster Growth Stocks to Buy for 2019 and Beyond Chesapeake Energy is a name I'm standing by though. While it's fighting an uphill battle of weak commodity prices, it remains the best-of-breed pick within the exploration and production arena.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Closer Look at Chesapeake StockFor the record, none of its rivals have fared much better since late October. ConocoPhillips (NYSE:COP) hasn't been hit quite as hard, though it's still down to the tune of 5%, while Devon Energy (NYSE:DVN) has fallen 24% for the three-month stretch. There's been nowhere for any energy name to hide from the 23% setback in oil prices for the timeframe in question.And yet, though Chesapeake Energy desperately needs oil prices to rebound to prompt a corresponding rebound from Chesapeake stock, there's arguably no better company poised to support such a bounce.Thank CEO Doug Lawler, mostly.Lawler was named CEO in 2013, recruited from rival Anadarko Petroleum (NYSE:APC). Though he handled international and deepwater operations for his previous employer, he was actually a holdover from Oklahoma's Kerr-McGee, which was acquired by Anadarko in 2006.His experience and familiarity with the area have proven invaluable.Lawler is reshaping the company to focus first and foremost on the Powder River Basin and Eagle Ford. The former covers a swath of southeast Montana and northeast Wyoming, while the latter sweeps through the heart of Texas.The recently-completed acquisition of WildHorse Resources adds 420,000 acres of exposure to Eagle Ford, and simultaneously triples the company's proved-but-undeveloped oil reserves to 320 million barrels.Meanwhile, Chesapeake is shedding properties outside of the area of focus, like its Utica shale assets in Ohio.There's more to the remix of properties than streamlining and debt-reduction though. The company explained in the middle of last year (and not for the first time) "The Eagle Ford Shale in South Texas remains Chesapeake's EBITDA-generating backbone, consistently delivering high-margin oil volumes and stable production."It's similarly mastered the nuances of the Powder River Basin.The development of properties in those two regions goes beyond an expertise of that turf, however. Both areas are close to the Gulf Coast, where premium prices for crude can be found more often than not. It's the Little ThingsThe new configuration is bearing fruit, when tepid oil and gas prices aren't prematurely picking it.It's not an easy premise to prove. A quick review of its historical balance sheet data reveals its total liabilities of $12.8 billion is more or less in line with 2017's final tally of $12.4 billion. Take a look further back in time though. As of 2014, when gas and crude prices were on the verge of collapse, that figure was a stunning $40.7 billion.That's enough progress for Moody's to upgrade the company's remaining debt to B2, making it cheaper for Chesapeake to secure new debt or refinance existing debt.More important, the cost and headache of restructuring hasn't crimped production. Chesapeake Energy reported in early January it believes it produced about 463,000 BOE per day, versus analyst estimates of 448,000. It's a hint that the outfit is getting more out of its assets than anticipated, or at least doing so at a faster-than-expected pace. WildHorse may drive more growth than currently expected as well.Lawler isn't thinking or acting recklessly though. Also early in the year the company announced it was culling its rig count from 19 to what should be an average of 14 by year's end, to reflect contracted oil and gas prices.Shuttering those rigs will reduce unnecessary expenses until higher crude prices justify their reactivation, adding onto cost cuts that have already been realized. During the third quarter of last year, production costs fell from $3.03 per BOE a year earlier to $2.68 per BOE thanks to sales of lackluster properties and smarter use of remaining ones.Chesapeake's post-implosion rebuild has arguably been one of the best in the business. Bottom Line for Chesapeake StockNone of these initiatives are readily evident to current and prospective shareholders, however, keeping a cap on CHK stock in an environment that's already been less than friendly to energy stocks. It will take an oil rebound for the upside of the Lawler-led effort to become clear and buyable.That recovery is more likely to be a matter of "when" than "if" though.In spite of the economic caterwauling, the EIA forecasts that consumption of oil will continue to grow in 2019 as it did in 2018, with no great net increases in production capacity on the horizon. And, to the extent new oil spigots could be opened, OPEC is curtailing its output this year to counterbalance the United States' ramped-up production.Although oil stockpiles in the U.S. are moving slightly higher now, the total days' worth of crude in inventory has been quietly falling since February of last year.If nothing else, its forward-looking P/E of 4.6 makes CHK stock a ticker to add to a watchlist, for the point where crude and natural gas prices finally make their pivot.The fourth quarter earnings report slated for Feb. 27 could make or break the bullish argument.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Are These 7 Dividend Aristocrats ETFs Fit for a King? * 7 of the Best Emerging Markets Stocks to Buy * 5 Gold Stocks That Should Glitter in 2019 Compare Brokers The post Chesapeake Stock Still Is a Top Way to Play an Oil, Gas Rebound appeared first on InvestorPlace.