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Stock Market & Financial Investment News

News Breaks
February 6, 2014
07:14 EDTCHKChesapeake announcse 2014 absolute production growth target of 2%-4%
Chesapeake Energy Corporation announced details of its 2014 Outlook and capital program. Chesapeake is budgeting total capital expenditures in the range of $5.2B-$5.6B in 2014, which represents a 20% reduction from the midpoint of Chesapeake’s 2013 capital expenditure Outlook range. After adjusting for 2013 asset sales, the company expects to generate 8 – 10% year-over-year production growth in 2014, consisting of 8 – 12% oil production growth, 44 – 49% natural gas liquids production growth and 4 – 6% natural gas production growth. On an absolute basis, Chesapeake is targeting 2014 production growth of 2 – 4%, which implies an average daily production rate of 680 – 695 thousand barrels of oil equivalent. Chesapeake plans to spud approximately 1,100 gross operated wells in 2014, which is relatively unchanged from 2013 activity levels. The company plans to connect approximately 1,300 gross operated wells to sales in 2014, or approximately 115 fewer wells than in 2013. As a result of ongoing cost control initiatives, Chesapeake anticipates lower per-unit production and general and administrative expenses in 2014. Production expenses are expected to range from $4.25 – $4.75 per barrel of oil equivalent, down approximately 10% year over year from the midpoint of Chesapeake’s 2013 production expense Outlook range. G&A expenses are estimated to be $1.35 – $1.60 per boe, down approximately 25% year over year from the midpoint of Chesapeake’s 2013 G&A expense Outlook range.
News For CHK From The Last 14 Days
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July 2, 2015
11:14 EDTCHKStocks with call strike movement; CHK PBR
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June 29, 2015
10:09 EDTCHKOn The Fly: Analyst Upgrade Summary
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06:45 EDTCHKChesapeake upgraded to Buy from Underperform at Sterne Agee CRT
Sterne Agee CRT upgraded Chesapeake (CHK) two notches to Buy from Underperform and increased its price target to $13 from $9. The firm said shares are now oversold and the "short" call is now crowded. Sterne Agee CRT said management is working to mitigate the near-term liquidity drain and is aggressively pursuing alternatives to keep pipeline counter-party Williams Companies (WMB) whole on its contract, which could reset shares higher. The firm said the focus should be on Chesapeake's absolute liquidity and raised estimates to reflect slightly improved NGL fundamentals. Sterne Agee CRT recommends trading oriented accounts cover shorts and go long as any catalyst may drive a short squeeze rally in shares.
June 25, 2015
16:00 EDTCHKOptions Update; June 25, 2015
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15:48 EDTCHKChesapeake options active as share trend lower
Chesapeake July 11 and 12 puts are active on total put volume of 59K contracts (43K puts). July call option implied volatility is at 42, August is at 44; compared to its 52-week range of 23 to 68. Active put volume suggests traders taking positions for large price movement.
10:00 EDTCHKOn The Fly: Analyst Downgrade Summary
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05:56 EDTCHKChesapeake downgraded to Sell from Neutral at UBS
UBS analyst William Featherston downgraded Chesapeake Energy (CHK) to Sell after his firm cut its long-term normalized natural gas price forecast to $4.00 from $4.50. Featherston thinks Chesapeake carries "far too much financial leverage" and he views the shares as expensive relative to peers. The analyst cut his price target for the stock to $11 from $16. Shares of the natural gas producer closed yesterday down 22c to $11.56. Featherston coupled the downgrade with an upgrade of Marathon Oil (MRO) to Buy.
June 22, 2015
16:00 EDTCHKOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM

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