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Search resuls for: "Chesapeake Energy"


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The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.
Chesapeake Energy trims workforce ahead of oil properties sale
  + stars: | 2022-10-24 | by ( ) www.reuters.com   time to read: +2 min
Companies Chesapeake Energy Corp FollowOct 24 (Reuters) - U.S. shale gas producer Chesapeake Energy Corp (CHK.O) last week cut about 3% of its workforce, according people familiar with the matter, as it readies a sale of South Texas oil properties. The company this year said it would exit oil-producing properties in the Eagle Ford shale region of Texas to focus on its mainstay natural gas operations. A Chesapeake Energy spokesperson declined to comment. Oil prices fell the following year, a drop that helped send Chesapeake into restructuring. It emerged from Chapter 11 bankruptcy last year as natural gas prices began to rise.
And demand for the greener fuel has dried up, according to Reuters interviews with nine LNG market analysts, industry officials and traders. Several gas drillers, including in the world’s top gas producer the United States, told Reuters they have invested in finding and plugging greenhouse gas emissions associated with production, transport and processing. Since Russia's Feb. 24 invasion of Ukraine, gas prices have soared about 25% in the United States and 32% in Europe . To export gas, the fuel must be supercooled into LNG and then shipped across the sea, a process that produces substantial additional greenhouse gas emissions. Other U.S. LNG suppliers, like Cove Point LNG and Cameron LNG, also told Reuters they are not certifying their cargoes.
After a vicious week for stocks CNBC Pro found some stable value names that pay healthy dividends to help traders bolster their portfolios. With this in mind, CNBC Pro screened the Russell 1000 value index for stocks that could help investors find income and gain some stability. The stock also has a low three-year beta of 0.7. What's more, the company pays a 3.4% dividend yield, offering investors some income as well as stability. It has a low three-year beta of 0.7.
While the S & P 500 is down almost 19% for the year, the energy sector has thrived by comparison, having posted a roughly 40% gain in 2022. The firm said it expects Chesapeake to generate 15% free cash flow yield in 2023 and 10% the following year. Further, Weatherford has introduced initiatives to close its margin gap with peers and improve its free cash flow conversion, Goldman says. For oil and global exploration and production, Goldman looked at stocks trading at a discount to their net asset value. That includes Magnolia Oil & Gas , which the firm says is well positioned to generate double-digit free cash flow yield and dividend growth.
Goldman says to buy these energy stocks ahead of earnings
  + stars: | 2022-07-25 | by ( Pippa Stevens | ) www.cnbc.com   time to read: +3 min
The firm said Monday in a note to clients that Diamondback Energy , EQT and Chesapeake Energy are solid bets for investors from a risk vs. reward standpoint. Key factors to watch for during earnings reports include production execution, management of inflationary pressures and capital return outlook, he added. Fellow natural gas player Chesapeake Energy is also on the firm's list of stocks to buy ahead of earnings. "We believe CHK is on track to provide strong capital returns to shareholders and close the value gap vs. its peers," the firm said. Chesapeake reports earnings after the market closes on Aug. 2.
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