|Bid||2.36 x 27000|
|Ask||2.37 x 800|
|Day's Range||2.2800 - 2.4300|
|52 Week Range||2.2800 - 5.6000|
|Beta (3Y Monthly)||3.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 20, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.09|
On December 7–14, the United States Natural Gas ETF (UNG) fell 15.8%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 26.8%. 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.
OKLAHOMA CITY, Dec. 17, 2018 /PRNewswire/ -- Chesapeake Energy Corporation (CHK) announced today the expiration and final results of its previously announced offer to purchase its 2.25% Contingent Convertible Senior Notes due 2038 (the "Notes") at the option of the holders of the Notes pursuant to the terms of the Notes. The offer to purchase expired at 5:00 P.M., New York time, on December 12, 2018 and withdrawal rights with respect to tendered Notes expired at 5:00 p.m. New York time, on December 14, 2018. Holders of an aggregate of $7,809,000 principal amount of the Notes exercised the holders' right to surrender their Notes for repurchase, and an aggregate of $923,000 principal amount of the Notes remains outstanding.
Using good stock charts and learning key chart patterns helps you ace the test of when to sell stocks. Chesapeake Energy marked a key sell signal in 2008.
On December 11, the natural gas futures for January 2019 closed at a premium of ~$1.2 to the January 2020 futures. On December 4, the futures spread was at a premium of $1.3. On December 4–11, the natural gas January futures fell 1.1%.
In the week ending on November 30, the inventories spread was -19.5%. The inventories spread is the difference between natural gas inventories and their five-year average. During this period, the inventories spread expanded by 40 basis points compared to the previous week.
The natural gas rig count was at 198 last week—nine more than the previous week. The natural gas rig count has fallen ~87.7% from its record level of 1,606 in 2008. Since September, natural gas prices have risen nearly 38%, which might be luring natural gas producers to increase their production.
NEW YORK, Dec. 12, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Investors need to pay close attention to Chesapeake Energy (CHK) stock based on the movements in the options market lately.
On November 30–December 7, the United States Natural Gas ETF (UNG) fell 2.1%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 5.4%. 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.
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]
Though E&P stocks are surging today, the outlook doesn’t look great in the coming years, leading the firm to downgrade a slew of names.
Shares of Chesapeake Energy Corp. bounced sharply off a 10-month low Friday, as a big rally in oil prices helped offset J.P. Morgan analyst Arun Jayaram turning bullish on the oil and gas production company. Jayaram cut his rating to underweight, after being at neutral for at least the past three years, citing concerns over near-term headwinds from the $4 billion WildHorse Resource Development Corp. announced in late October. The stock rallied 2.6% in morning trade, after closing Thursday at the lowest level since Feb. 21. Jayaram said that although the acquisition, which provided increased oil weightings, was a "necessary step" to turn the corner on its turnaround plan, "the stock will likely be a 'show me' situation" as investors generally had mixed views on the East Texas Eagle Ford plays. Meanwhile, the energy sector was broadly higher, with the SPDR Energy Select Sector ETF up 1.6% with 24 of 25 components gaining ground, as oil prices jumped after reports that OPEC and Russia agreed to production cuts. Chesapeak's stock has tumbled 31% over the past three months, while the energy ETF has shed 10% and the S&P 500 has lost 7.1%.
Due to its incredibly-volatile nature, I haven’t had much love for Chesapeake Energy (NYSE:CHK). Chesapeake Energy made waves when it announced that it will merge with WildHorse Resource (NYSE:WRD). The markets punished CHK stock on the initial merger disclosure, which then prompted a question: was most of the bearishness baked in?
The natural-gas-weighted stocks under review that might be sensitive to US crude oil January futures’ movements based on their correlations with US crude oil January futures in the last five trading sessions are: Chesapeake Energy (CHK) at 52% Range Resources (RRC) at 27%
On December 4, the natural gas futures for January 2019 closed at a premium of ~$1.3 to the January 2020 futures. On November 27, the futures spread was at a premium of $1.2. On November 27–December 4, natural gas January futures rose 3.8%.
In the week ending on November 23, the inventories spread was -19.1%. The inventories spread is the difference between natural gas inventories and their five-year average. During this period, the inventories spread expanded by 50 basis points compared to the previous week.
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 1,606 in 2008.
Energy stocks have had a difficult 2018. Mostly flat performance through most of the year turned into a tailspin in October as oil prices plunged from above $75 per barrel to below $50. That in turn has pinched oil companies that rely on elevated commodity prices to drive larger profits. The headwinds are clear. Demand has slowed to a crawl, and supplies have piled up despite production cuts from several nations. Fears about U.S.-China trade relations have weighed, as have worries about sanctions on Iran. It's no wonder why energy stocks have taken it on the chin. But the skies are starting to clear as we head into 2019. OPEC and other nations are beginning to discuss additional output curbs, and with U.S. shale producers running at full capacity, there really isn't much room for them to pick up any slack. The U.S. and China have made progress on trade talks, too, including a 90-day moratorium on increasing tariffs. Investors diving into the sector still need to be choosy. A rebound in oil is far from a certainty, which means it's necessary to put a premium on quality right now. Here, we look at the 10 best energy stocks to buy for 2019 - those that can best take advantage of the current energy environment. SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond