Chesapeake Energy
New York symbol CHK, is the third-largest U.S. domestic natural gas producer after BP and ConocoPhillips.
CHESAPEAKE ENERGY $23.02 (New York symbol CHK; TSINetwork Rating: Extra Risk) (405-848-8000; www.chkenergy.com; Shares outstanding: 659.3 million; Market cap: $15.2 billion; Dividend yield: 1.5%) plans to cut its daily natural gas production by 8% due to low gas prices. That will take about 500 million cubic feet per day off the market. Chesapeake is the second-largest natural gas producer in …read more »
CHESAPEAKE ENERGY $21.45 (New York symbol CHK; TSINetwork Rating: Extra Risk) (405-848-8000; www.chkenergy.com; Shares outstanding: 753.0 million; Market cap: $16.2 billion; Dividend yield: 1.6%) is forming a second joint venture with major French oil firm Total S.A.
In early 2010, Chesapeake sold a share of its Barnett Shale acreage in Texas to Total for $2.25 billion. Shale oil and shale gas …read more »
MOSAID TECHNOLOGIES INC. $42.27 (Toronto symbol MSD; TSINetwork Rating: Extra Risk) (613-599-9539; www.mosaid.com; Shares outstanding: 12.1 million; Market cap: $511.5 million; Dividend yield: 2.4%) received a hostile, $38.00-a-share, all-cash takeover offer from Wi-LAN Inc. (symbol WIN on Toronto) on August 17, 2011.
Mosaid Technologies mainly licenses computer chip and telecommunications technology, including patents for technology used in smartphones and laptops.
Wi-LAN has …read more »
CHESAPEAKE ENERGY $29.95 (New York symbol CHK; TSINetwork Rating: Extra Risk) (405-848-8000; www.chkenergy.com; Shares outstanding: 657.7 million; Market cap: $19.7 billion; Dividend yield: 1.0%) has agreed to buy Bronco Drilling, an oil-drilling services company, for $316.8 million in cash.
Chesapeake is Bronco’s second-biggest customer. Adding Bronco moves Chesapeake closer to its goal of owning about two-thirds of the rigs it operates. …read more »
BHP BILLITON LTD. ADRs $92 (New York symbol BHP; Conservative Growth Portfolio, Resources sector; ADRs outstanding: 2.8 billion; Market cap: $257.6 billion; Price-to-sales ratio: 3.9; Dividend yield: 1.9%; TSINetwork Rating: Average; www.bhpbilliton.com) makes most of its money from mining iron ore, coal and aluminum. The company now wants to raise its oil and natural gas output by 40% over the …read more »
CHESAPEAKE ENERGY $30.68 (New York symbol CHK; TSINetwork Rating: Extra Risk) (405-848-8000; www.chkenergy.com; Shares outstanding: 654.3 million; Market cap: $20.1 billion; Dividend yield: 1.0%) has agreed to sell a third of its Denver-Julesburg and Powder River Basin shale-gas leases in northeast Colorado and southeast Wyoming to Chinese stateowned oil company CNOOC Ltd.
CNOOC will pay Chesapeake $670 million for the …read more »
CHESAPEAKE ENERGY $19.30 (New York symbol CHK; SI Rating: Extra risk) (405-848- 8000; www.chkenergy.com; Shares outstanding: 601.0 million; Market cap: $11.6 billion) plans to sell a 32.5% stake in its Marcellus shale gas acreage in the eastern U.S. to Norway’s Statoil- Hydro for $3.38 billion. StatoilHydro will initially pay $1.25 billion in cash, and then pay $2.13 billion to fund …read more »
CHESAPEAKE ENERGY $56.67 (New York symbol CHK; SI Rating: Extra risk) (405-848-8000; www.chkenergy.com; Shares outstanding: 573.7 million; Market cap: $32.5 billion) is a major U.S. producer of natural gas and an active driller of oil and gas wells.
The company’s primary operating area is the Mid- Continent region of the U.S., which includes Oklahoma, Arkansas, Kansas and the Texas Panhandle. It’s …read more »
We continue to like the prospects for oil and gas stocks — and the recent pullback in share prices makes them attractive right now.
It’s uncertain if oil and gas prices will drop further in the short term, or move back up. Either way, prices will likely remain way above long-term averages. We think the best way to cut risk in …read more »
CHESAPEAKE ENERGY $51.03 (New York symbol CHK; SI Rating: Extra risk) (405-848- 8000; www.chkenergy.com; Shares outstanding: 534.1 million; Market cap: $27.3 billion) has announced a major unconventional gas discovery in the Haynesville shale region of Louisiana.
Unconventional or tight gas formations situated in sand, coal or shale are too dense or “tight” to allow gas to flow freely to the well …read more »
