News Breaks |
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| September 13, 2012 |
| 05:25 EDT |  | CHK | Chesapeake Energy investors will find better returns elsewhere, Barron's says
Chesapeake Energy (CHK) is taking steps to shore up its business by selling assets to slash debt and refocus on the more profitable oil portion of its business. While investors are likely relieved that the company is building its cash hoard and trying to correct itself from the year's earlier mistakes, Barron's still see a difficult road ahead for Chesapeake. Trading at around 15.5x forward earnings, Chesapeake isn't much of a bargain. So, while very risk-tolerant investors may like the odds that Chesapeake is on the mend, Barron's contends that most should steer clear for now. Reference Link |
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News For CHK From The Last 14 Days Check below for free stories on CHK the last two weeks. |
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| May 16, 2013 |
| 12:33 EDT |  | CHK | Chesapeake volatility at 29-month lows
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| 10:03 EDT |  | CHK | On The Fly: Analyst Downgrade Summary
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| 06:47 EDT | | CHK | Chesapeake downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Chesapeake citing valuation and a lack of catalysts. |
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| 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 |
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| May 8, 2013 |
| 16:30 EDT |  | CHK | MarkWest Energy acquires granite was assets from Chesapeake for $245M
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| 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.” |
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| 12:48 EDT | | CHK | Chesapeake wins bond suit against BNY Mellon, Reuters reports
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| May 7, 2013 |
| 11:37 EDT | | CHK | Gastar gains after plan to raise funds for share buyback, settlement
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| 10:00 EDT |  | CHK | On The Fly: Analyst Initiation Summary
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| 08:06 EDT | | CHK | Chesapeake initiated with a Cautious at ISI Group
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| 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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