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Stock Market & Financial Investment News

News Breaks
April 11, 2012
12:55 EDTCHK, CHK, CNX, CNX, SE, SESenate Commerce, Science and Transportation Committee to hold a field hearing
The Committee holds a field hearing entitled, "Shale Gas Development: Meeting the Transportation, Pipeline and Rail Needs to Renew American Manufacturing". Participants include VP Rotruck of Chesapeake Energy, VP Foracca of Spectra Energy, COO Albert of Consol Energy at the field hearing being held in Fairmont, West Virginia on April 11 at 1 pm.
News For CHK;CNX;SE From The Last 14 Days
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July 29, 2014
10:03 EDTCHKChesapeake PRB swap, Utica buyback positive, says Wells Fargo
Wells Fargo views the Powder River Basin asset swap that Chesapeake executed and its plans to repurchase preferred shares of its Utica subsidiary as positives for the company, as the swap provides it with a more concentrated, high-quality acreage position and the repurchase simplifies its capital structure. However, the firm noted that the company's Q2 pricing update brings down its EPS estimate for the quarter by 4c. Wells maintains its Market Perform rating on the stock.
08:18 EDTCHKChesapeake sees Q2 realized NGL price ex-items $21.03 per barrel
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08:12 EDTCHKChesapeake agrees to repurchase all outstanding preferred shares of CHK Utica
Chesapeake also announced that it has agreed in principle to repurchase all of the outstanding preferred shares of its unrestricted subsidiary, CHK Utica from third-party preferred shareholders. Under the agreement, Chesapeake will pay approximately $1.26B to repurchase 1,060,000 preferred shares of CHK Utica. The proposed transaction, which is expected to close today, will retire Chesapeake’s highest cost leverage instrument and eliminate approximately $75M in annual cash dividend payments to third-party preferred shareholders. Chesapeake plans to fund the cash portion of the RKI acreage exchange and the repurchase of the CHK Utica preferred shares with available liquidity, including nearly $1.5B of unrestricted cash held on its balance sheet as of June 30. Chesapeake continues to refine its portfolio to focus on assets that best align with the company’s strategy of profitable growth from captured resources and expects to close additional sales of noncore assets, including non-E&P assets, by the end of 2014.
08:11 EDTCHKChesapeake announces exchange agreement with RKI Exploration
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06:45 EDTCNXCONSOL reports Q2 coal production 8.3M tons
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06:42 EDTCNXCONSOL raises FY14 E&P production guidance to 225-235 Bcfe from 215-235 Bcfe
CONSOL Energy recently raised its 2014 E&P production guidance range to 225 - 235 Bcfe from earlier guidance of 215 - 235 Bcfe. To achieve the mid-point of the new range, the company will need to produce approximately 60 Bcfe in Q3 and 70 Bcfe in Q4. The company has a record number of Marcellus Shale wells due to be tied into line in Q3.
06:40 EDTCNXCONSOL reports Q2 EPS (11c), may not compare to consensus 25c
Reports Q2 revenue $937.37M, consensus $923.28M. Reports Q2 E&P Division production 51.9 Bcfe, up 34%.
July 28, 2014
15:47 EDTCNXNotable companies reporting before tomorrow's open
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July 20, 2014
11:58 EDTCHKCaterpillar, five others should benefit from global recovery, Barron's says
Caterpillar (CAT), Teradata (TDC), Kennametal (KMT), Capital One Financial (COF), T. Rowe Price Group (TROW), and Chesapeake Energy (CHK) are all relatively cheap and should benefit from global recovery, Barron's contends in its cover article. Reference Link

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