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...Chesapeake Energy, the fracking pioneer that was the highest-profile casualty of the 2020 oil crash, is expanding in America’s shale patch again, less than a year after its emergence from bankruptcy....
...Cabot is expecting to achieve a £1bn market capitalisation, a person familiar with the deal said....
...Over that period they have also outperformed shares in other leading Marcellus gas producers including Cabot Oil & Gas, Range Resources and EQT itself....
...Energy companies made up three of the five S&P 500 corporates to beat earnings by the greatest margin in the first three months of the year, the FactSet data showed, with both Cabot Oil & Gas and Consol...
...As oil prices plummeted more than 6 per cent to a six-year low, Newfield Exploration fell 10.3 per cent to $27.66 and Cabot Oil & Gas Corp shed 9.8 per cent to $22....
...In 2012, Cabot Corporation bought Netherlands-based Norit Corporation for $1.1bn, while in the same year Eastman Chemical paid $4.8bn in cash and shares for Solutia....
...As a result, the shares of gas-focused companies such as Cabot Oil and Gas have often been less affected than their more oil-focused peers. Another critical factor is debt....
...Transocean fell 2 per cent to $37.97, Cabot fell 1.5 per cent to $33.00 and Hess dropped 1 per cent to $98.81....
...Among the gas specialists, the lowest-cost operators of the Marcellus Shale of Pennsylvania are among the best performers, including Cabot Oil & Gas, up 347 per cent in five years, and Range Resources, which...
...Shares in Cabot Oil & Gas, which has operations in the Eagle Ford and Pennsylvania’s Marcellus Shale, and expects production to grow by as much as 54 per cent this year, have risen 77 per cent over the past...
...Neil Clyne, Cabot’s chief executive, said Encore’s “operating advantages” would boost the profitability of Cabot’s investments....
...The deal comes weeks after New York buyout house JC Flowers acquired Cabot in an agreement worth an estimated £500m....
...Cabot Oil and Gas rose 5.1 per cent to $66.53 and was 0.5 per cent higher on the week. Chesapeake Energy rose 2.2 per cent to $19.75, but still lost 3.2 per cent over the past five days....
...Noble Energy shares rallied 3.6 per cent to $115.59, Cabot Oil and Gas added 1 per cent to $68.64, and Peabody Energy Corporation was up 0.8 per cent to $20.34....
...Alpha Natural Resources led the gains in the energy sector, rallying 7.7 per cent to $7.45, while Cabot Oil & Gas added 5.7 per cent to $44.51....
...Among the worst performing energy stocks, Phillips 66 fell 1.6 per cent to $52.21 and Cabot Oil & Gas Corp moved 3.2 per cent lower to $47.02....
...Peabody Energy fell 4.5 per cent to $22.94 and Cabot Oil & Gas dropped 2.5 per cent to $43.92. Alternative energy company First Solar also slid 0.8 per cent to $21.03....
...Energy stocks were led by Cabot Oil & Gas , which rose 9 per cent to $41.24. Alpha Natural Resources , the metallurgical coal supplier, gained 6 per cent to $8.19....
...Cabot Oil & Gas was the second worst performing stock on the main market, down 6.1 per cent to $31.52 Overall, the benchmark US index sank 0.7 per cent to 1,392.78, its lowest point in more than a week...
...Bank of America rose 1.1 per cent to $8.11, rallying again, after shares suffered their first weekly fall of 2012 last week....
...Separately, Cabot announced a two-for-one stock split....
...Chesapeake Energy was up 11.7 per cent to $24.71 and Cabot Oil & Gas rose 9.2 per cent to $36.64....
...Shares in Chesapeake and other US gas companies such as Range Resources, Southwestern Energy and Cabot Oil & Gas also rose....
...Cabot Oil & Gas retreated 16.7 per cent to $67.13 and Range Resources was off10.8 per cent to $54.16....
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