|Bid||3.47 x 46000|
|Ask||3.48 x 1000|
|Day's Range||3.42 - 3.57|
|52 Week Range||2.53 - 5.60|
|Beta (3Y Monthly)||3.30|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.45|
On November 9–16, the United States Natural Gas ETF (UNG) rose 17.2%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 28%. These ETFs track natural gas futures. UNG holds active natural gas futures contracts, while BOIL’s objective is to track twice the daily changes of the Bloomberg Natural Gas Subindex.
On November 9–16, natural gas December futures rose 14.9% and settled at $4.27 per MMBtu (million British thermal units) on November 16. Last week, natural gas futures recorded the largest weekly gain in 2018.
Chesapeake Energy is excited about what WildHorse Resource Development brings to the table.
On November 15, natural gas’s implied volatility was 86.8%, which was ~73.6% above its 15-day moving average. In the trailing week, natural gas’s implied volatility rose 83.1%. Natural gas December futures rose 14% during the same period. Since June, these two metrics have been moving in tandem.
On November 14, natural gas December futures rose 17.9% settled at $4.837 per MMBtu (million British thermal units)—the highest closing level for active natural gas futures since February 26, 2014. The colder winter forecast and natural gas inventories at a double-digit deficit in percentage terms compared to the five-year average are behind the rise in natural gas prices. Natural gas–weighted stocks
On November 13, the natural gas futures for December closed at a premium of ~$1.14 to the December 2019 futures. On November 6, the futures spread was at a premium of $0.6. On November 6–13, natural gas December futures rose 15.4%.
In the week ending on November 2, the inventories spread was -16.2%. The inventories spread is the difference between natural gas inventories and their five-year average. The inventories spread contracted by 70 basis points compared to the previous week. On November 8, the EIA (U.S. Energy Information Administration) reported the natural gas inventory data for the week ending November 2.
The natural gas rig count was at 195 last week—two more than the previous week. However, the natural gas rig count has fallen ~87.9% from its record level of 1,606 in 2008.
Hi-Crush's (HCLP) latest deal addresses Chesapeake's demand for Northern White frac sand and related proppant logistics requirements.
Chesapeake Energy (NYSE:CHK) is building a monopoly. The rationale behind the argument is that Chesapeake is undergoing a massive transformation under CEO Doug Lawler that sees it operating in five of the country’s primary energy basins in Pennsylvania, Texas, Oklahoma, Louisiana, and South Dakota. Proof of that, the author suggests, is Chesapeake Energy’s nearly $4 billion acquisition of WildHorse Resource Development (NYSE:WRD), which gives WildHorse shareholders either 5.989 shares of CHK stock per WildHorse share or 5.336 shares and $3 cash.
Chesapeake's (CHK) agreement with Hi-Crush relates to in-basin purchase of Northern White frac sand to support completions program in the Marcellus and Powder River Basins.
HOUSTON, Nov. 12, 2018 -- Hi-Crush Partners LP (NYSE: HCLP), or "Hi-Crush", today announced that it has entered into a new, long-term frac sand supply agreement for the.
Micron (NASDAQ:MU) stock has recovered somewhat from a drop in NAND and now DRAM memory prices. Falling demand wiped out almost half of the value of Micron stock despite rock-bottom price-to-earnings (PE) ratios. More recently, it has recovered somewhat amid a more general stock price recovery.
Investors need to pay close attention to Chesapeake (CHK) stock based on the movements in the options market lately.
On October 31–November 7, our list of natural gas–weighted stocks rose 7.3%, while natural gas December futures rose 9%. On average, natural gas–weighted stocks underperformed natural gas futures during this period.
On November 7, natural gas December futures were unchanged and settled at $3.55 per MMBtu (million British thermal units)—near a nine-month high. According to Reuters, for the next two weeks, Refinitiv analysts have increased the total degree days from 339 on November 6 to 358 on November 7 in the Lower 48 US states. The rise might result in higher natural gas use for heating than previously expected. The total degree days are higher than the 30-year average of 273 for these weeks.
The natural gas–weighted stocks under review that might be positively related to US crude oil December futures’ movements, based on their correlations with US crude oil December futures in the last five trading sessions, are: Cabot Oil & Gas (COG) at 56.8% Chesapeake Energy (CHK) at 46.1%
NEW YORK, Nov. 08, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
On November 6, the natural gas futures for December closed at a premium of ~$0.6 to the December 2019 futures. On October 30, the futures spread was at a premium of $0.278. On October 30–November 6, natural gas December futures rose 11.5%.
Southwestern Energy (NYSE:SWN) has again generated interest. A weather-related spike in natural gas prices has again boosted optimism in the sector. It also offers welcome relief as SWN stock has suffered from low natural gas pricing and massive debt.