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Stock Market & Financial Investment News

News Breaks
June 9, 2014
06:18 EDTCHKChesapeake board of directors approves spin-off of oilfield services business
Chesapeake Energy Corporation announced that the spin-off of Chesapeake's oilfield services business into a stand-alone, publicly traded company called Seventy Seven Energy has been approved by the Chesapeake Board of Directors. The two companies will be separated through the distribution of SSE common stock to holders of Chesapeake common stock on a pro rata basis. Chesapeake shareholders will receive one share of SSE common stock for every 14 shares of Chesapeake common stock held at the close of business on the record date of June 19. No fractional shares of SSE common stock will be issued; however, shareholders entitled to receive a fractional share of SSE common stock in the distribution will instead receive the cash value of that fractional share. Subject to the satisfaction of the conditions to closing, the distribution is expected to occur following the close of business on June 30. Following the distribution of SSE common stock, SSE will be an independent, publicly traded company, and Chesapeake will retain no equity interest. SSE has applied to list its common stock on the New York Stock Exchange under the symbol "SSE." Chesapeake has received a private letter ruling from the Internal Revenue Service and expects to obtain an opinion of tax counsel, in each case, substantially to the effect that, based on certain facts, assumptions, representations, and covenants, and subject to certain limitations set forth therein, for U.S. federal income tax purposes, the distribution of SSE common stock generally will be tax-free to U.S. holders of Chesapeake common stock, other than with respect to any cash received in lieu of fractional share interests, which generally will be taxable to such holders as capital gain. Upon completion of the spin-off, Jerry L. Winchester and Cary D. Baetz will remain as CEO and CFO , respectively, of SSE.
News For CHK From The Last 14 Days
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July 28, 2015
16:00 EDTCHKOptions Update; July 28, 2015
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July 27, 2015
10:00 EDTCHKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADT Corp. (ADT) upgraded to Buy from Neutral at Citi... AGCO (AGCO) upgraded to Neutral from Sell at Goldman... Anthem (ANTM) upgraded to Buy from Neutral at Sterne Agee CRT... BNP Paribas (BNPQY) upgraded to Buy from Neutral at Goldman... Biogen (BIIB) upgraded on valuation at Bernstein... Box (BOX) upgraded to Overweight from Sector Weight at Pacific Crest... Capital One (COF) upgraded to Buy from Outperform at CLSA... Centene (CNC) upgraded to Buy from Neutral at UBS... Chesapeake (CHK) upgraded on potential sale of assets or company at SunTrust... Cigna (CI) upgraded to Buy from Neutral at Sterne Agee CRT... Deere (DE) upgraded to Neutral from Sell at Goldman... First BanCorp (FBP) upgraded to Buy from Neutral at Guggenheim... Flotek (FTK) upgraded on stronger demand at Oppenheimer... Lear (LEA) upgraded to Buy from Hold at Deutsche Bank... Methanex (MEOH) upgraded to Outperform from Sector Perform at Scotia Howard Weil... News Corp. (NWSA) upgraded to Outperform from Neutral at Macquarie... NextEra Energy Partners (NEP) upgraded to Outperform at Wells Fargo... OFG Bancorp (OFG) upgraded to Buy from Neutral at Guggenheim... PennyMac Mortgage (PMT) upgraded to Buy from Neutral at Compass Point... Pool Corp. (POOL) upgraded to Outperform from Market Perform at William Blair... Popular (BPOP) upgraded to Buy from Neutral at Guggenheim... Qualcomm (QCOM) upgraded to Overweight from Equal Weight at Morgan Stanley... Quality Systems (QSII) upgraded on valuation at RBC Capital... VF Corp. (VFC) upgraded to Buy from Neutral at Goldman... Ventas (VTR) upgraded on valuation, positive catalysts at BMO Capital... Weatherford (WFT) upgraded to Equal Weight from Underweight at Barclays... SS&C (SSNC) upgraded to Buy from Hold at Sandler O'Neill... Chemung Financial (CHMG) upgraded to Buy from Hold at Sandler O'Neill... Cameron (CAM) upgraded to Buy from Accumulate at Global Hunter.
07:31 EDTCHKChesapeake upgraded on potential sale of assets or company at SunTrust
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06:45 EDTCHKChesapeake upgraded to Buy from Neutral at SunTrust
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July 24, 2015
10:37 EDTCHKOptions with increasing implied volatility
Options with increasing implied volatility: LOCK DUST JNUG CHK LINE ABX TCK GDX LNKD FCX
06:09 EDTCHKChesapeake implied volatility of 107 at upper end of index
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July 23, 2015
11:57 EDTCHKOptions with increasing put volume
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10:30 EDTCHKOptions with increasing implied volatility
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July 22, 2015
10:01 EDTCHKOn The Fly: Analyst Downgrade Summary
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07:54 EDTCHKChesapeake downgraded to Neutral at Credit Suisse
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06:25 EDTCHKChesapeake downgraded to Neutral from Outperform at Credit Suisse
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05:24 EDTCHKStocks with implied volatility movement; CHK CRM
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July 21, 2015
16:01 EDTCHKOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
10:31 EDTCHKOptions with increasing implied volatility
Options with increasing implied volatility: DUST JNUG LINE CHK CNX INSY ABX GG GDX NEM
10:01 EDTCHKOn The Fly: Analyst Downgrade Summary
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09:28 EDTCHKChesapeake downgraded to Hold from Buy at Simmons
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07:07 EDTCHKChesapeake to sell substantially all properties held by CHK Cleveland Tonkawa
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07:06 EDTCHKChesapeake to eliminate common dividend effective Q3
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07:05 EDTCHKChesapeake to eliminate common dividend effective Q3
July 20, 2015
06:03 EDTCHKStocks with implied volatility movement; CHK CNX
Stocks with implied volatility movement; Chesapeake (CHK) 76, CONSOL (CNX) 64 according to iVolatility.
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