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News Breaks | | | | February 25, 2013 | | 07:50 EDT |  | CHK, SHI | Chesapeake transaction reportedly done with Sinopec negative, says RBC Capital
After Bloomberg reported that Sinopec (SHI) is acquiring a 50% stake in Chesapeake Energy's (CHK) Mississippian Lime assets for $1.02B, RBC Capital believes it appears that Sinopec has acquired the acreage "for a minimal amount." | |
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News For CHK;SHI From The Last 14 Days Check below for free stories on CHK;SHI the last two weeks. |
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| May 19, 2013 | | 13:00 EDT |  | CHK | Energy Departmant authorizes second proposed facility to export LNG
The Energy Department announced on Friday that it has conditionally authorized Freeport LNG Expansion, and FLNG Liquefaction, Freeport, to export domestically produced liquefied natural gas, LNG, to countries that do not have a Free Trade Agreement, FTA, with the United States from the Freeport LNG Terminal on Quintana Island, Texas. Freeport previously received approval to export LNG from this facility to FTA countries on February 10, 2011. Subject to environmental review and final regulatory approval, the facility is conditionally authorized to export at a rate of up to 1.4 billion cubic feet of natural gas a day, Bcf/d, for a period of 20 years. The Department granted the first authorization to export LNG to non-FTA countries in May 2011 for the Sabine Pass LNG Terminal in Cameron Parish, Louisiana at a rate of up to 2.2 Bcf/d. Reference Link | | | May 16, 2013 | | 12:33 EDT |  | CHK | Chesapeake volatility at 29-month lows
 Subscribe for More Information | | | 10:03 EDT |  | CHK | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 06:47 EDT | | CHK | Chesapeake downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Chesapeake citing valuation and a lack of catalysts. | | | May 15, 2013 | | 06:08 EDT |  | SHI | Sinopec unit narrows range of up to $1.88B Hong Kong IPO, Reuters reports
The engineering unit of Chinese refiner Sinopec Group narrowed the indicative price range on its up to $1.88B IPO, reports Reuters. Sinopec Engineering (Group) Co. changed the range to HK$10.5-11 per share said IFR, a Thomson Reuters publication. The company launched the deal on May 6 with an indicative range of HK$9.80 to HK$13.10 per share. Reference Link | | | May 13, 2013 | | 06:12 EDT | | CHK | BNY Mellon appeals ruling on Chesapeake’s early $1.3B bond call, Bloomberg says
Bank of New York Mellon (BK) is appealing a ruling allowing Chesapeake Energy (CHK) to proceed today with redeeming $1.3B in bonds six years early at 100 cents on the dollar, reports Bloomberg. A notice of the appeal was filed May 11 in federal court in Manhattan.Reference Link | | | May 8, 2013 | | 16:30 EDT |  | CHK | MarkWest Energy acquires granite was assets from Chesapeake for $245M
Subscribe for More Information | | | 14:09 EDT | | CHK | Chesapeake confirms favorable ruling in bond litigation
Chesapeake Energy (CHK) announced that the United States District Court for the Southern District of New York has ruled in Chesapeake’s favor, enabling the company to redeem its $1.3B of 6.775% Senior Notes due 2019 at par pursuant to the Special Early Redemption provision of the Notes. The company initiated its legal action on March 8, against the trustee for the Notes, The Bank of New York Mellon (BK). Chesapeake said will proceed with its Special Early Redemption of the Notes, with payment expected to be made on May 13, adding, “We are pleased that the Court has ruled in Chesapeake’s favor. We expect the refinancing of the Notes to save the Company more than $100M in interest payments.” | | | 12:48 EDT | | CHK | Chesapeake wins bond suit against BNY Mellon, Reuters reports
Subscribe for More Information | | | May 7, 2013 | | 11:37 EDT | | CHK | Gastar gains after plan to raise funds for share buyback, settlement
Subscribe for More Information | | | | 10:00 EDT |  | CHK | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 08:06 EDT | | CHK | Chesapeake initiated with a Cautious at ISI Group
Subscribe for More Information | | | May 6, 2013 | | 07:10 EDT | | SHI | Sinopec unit heads Hong Kong IPOs today, Reuters reports
Subscribe for More Information | | | 06:06 EDT | | SHI | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Toyota (TM) and Honda (HMC) were top sellers a few years ago and by a wide margin. No more. Now, it is a wide-open market. Ford (F) and GM (GM) have turned their midsize sedans into real challengers and closed the quality gap with Japan, the Wall Street Journal reports...There was no big news at Berkshire Hathaway’s (BRK.A) annual meeting this past weekend, but there was one great lesson for investors: Perhaps the most important thing you can do when everything seems to be going right in your portfolio is to listen to somebody who insists you are wrong, the Wall Street Journal reports...REUTERS: Some Verizon Communications (VZ) shareholders say they could be happy for the company to pay up to $130B for Vodafone Group’s (VOD) stake in their U.S. wireless venture. Two large shareholders in Verizon say they could be comfortable with paying 20% to 30% more to secure Verizon Wireless, Reuters reports...A unit of Sinopec Group (SHI) and brokerage China Galaxy Securities are launching Hong Kong IPOs today seeking to raise up to $3.5B in total, injecting life into Asia's moribund IPO markets where deal values more than halved in Q1, Reuters reports...BLOOMBERG: Bond investors are gaining confidence that Fed Chairman Bernanke will unwind the central bank’s unprecedented $3.3T balance sheet without sparking a crash similar to 1994, Bloomberg reports...Apple (AAPL) is missing out on an opportunity to court up to 2.8B new smartphone customers, many of them in Asia, as wireless-service providers balk at conditions imposed by the iPhone maker and drag their heels in signing on as partners, Bloomberg reports. | | | May 5, 2013 | | 14:48 EDT | | CHK | Chesapeake director Louis Simpson resigns from board
Chesapeake Energy announced on Friday that its board has accepted the resignation of director Louis A. Simpson. Thomas L. Ryan, President and CEO of Service Corporation International has been elected to fill the vacancy and has been appointed to the audit committee. He will stand for election at the 2013 annual meeting of shareholders on June 14. Mr. Ryan replaces R. Brad Martin on the audit committee, with Mr. Martin becoming chair of the nominating, corporate governance and social responsibility committee | |
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