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Stock Market & Financial Investment News

News Breaks
February 25, 2013
07:40 EDTSNP, CHKChesapeake announces $1.02B Mississippi Lime joint venture
Chesapeake Energy Corporation (CHK) and Sinopec International Petroleum Exploration and Production Corporation (SNP) announced the execution of an agreement which provides for Sinopec to purchase a 50% undivided interest in 850,000 of Chesapeakeís net oil and natural gas leasehold acres in the Mississippi Lime play in northern Oklahoma. The total consideration for the transaction will be $1.02B in cash, of which approximately 93% will be received upon closing. Payment of the remaining proceeds will be subject to certain customary title contingencies. Production from these assets, net to Chesapeakeís interest and prior to Sinopecís purchase, averaged approximately 34 thousand barrels of oil equivalent per day in the 2012 fourth quarter and, as of December 31, 2012, there was approximately 140 million barrels of oil equivalent of net proved reserves associated with the assets. All future exploration and development costs in the joint venture will be shared proportionately between the parties with no drilling carries involved. As the operator of the project, Chesapeake will conduct all leasing, drilling, completion, operations and marketing activities for the joint venture. The transaction is anticipated to be completed in the 2013 second quarter.
News For CHK;SNP From The Last 14 Days
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March 24, 2015
15:09 EDTCHKChesapeake shares remain richly valued, says Raymond James
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09:22 EDTCHKOn The Fly: Pre-market Movers
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07:36 EDTCHKChesapeake volatility elevated into Icahn's increasing stake to 10.98%
Chesapeake March weekly call option implied volatility is at 48, April is at 44, July is at 47; compared to its 26-week average of 41 according to Track Data, suggesting large price movement into Carl Icahn disclosed an increased stake in the company to 73M shares (10.98%), up from 66M shares (9.98%) in December.
March 23, 2015
19:13 EDTCHKOn The Fly: After Hours Movers
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17:23 EDTCHKCarl Icahn reports 10.98% stake in Chesapeake
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16:35 EDTCHKChesapeake lowers FY15 CapEx view to $3.5B-$4B from $4B-$4.5B
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March 22, 2015
13:06 EDTSNPSinopec sees global crude oil price to remain weak for foreseeable future
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13:03 EDTSNPSinopec reports FY14 net profit RMB46.5B vs.RMB66.13B in FY13
Reports FY14 revenue RMB2.83T vs. RMB2.9T in FY13.
March 20, 2015
10:43 EDTCHKStocks with call strike movement; CHK FCX
Chesapeake (CHK) July 16 call option implied volatility increased 2% to 50, Freeport McMoRan (FCX) August 20 call option implied volatility decreased 6% to 47 according to IVolatility.
March 19, 2015
10:02 EDTCHKOn The Fly: Analyst Downgrade Summary
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09:20 EDTCHKOn The Fly: Pre-market Movers
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08:24 EDTCHKChesapeake downgraded at Sterne Agee
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06:20 EDTCHKChesapeake downgraded to Underperform from Neutral at Sterne Agee
March 17, 2015
10:00 EDTCHKOn The Fly: Analyst Downgrade Summary
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09:13 EDTCHKChesapeake downgraded to Sell from Neutral at Global Hunter

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