Hints and tips:
...He made similar points in written evidence submitted to the court last week as part of Dakota Access LLC’s argument to keep the pipeline open....
...Chesapeake Energy, an early shale pioneer, is likely to follow soon....
...Chesapeake, a pioneer of the US shale energy industry, and smaller rivals such as California Resources and Gulfport Energy, have all hired advisers to help them restructure their debt, the FT reported....
...Shale gas stalwart Chesapeake Energy even warned last month that being able to keep the lights on was a “going concern”. Solus has also stepped on this landmine....
...Chesapeake Energy bounced on better than expected full-year results, helped by improving prices for oil production and lower operating costs....
...Among those hit were Murphy Oil, down 5.6 per cent at $26.72, Chesapeake Energy, off 2.5 per cent at $6.35 and Anadarko Petroleum, losing 4.1 per cent to $53.47. Materials stocks weakened as well....
...Chesapeake Energy is sliding deeper into junk territory....
...The subsequent recovery in crude from below $30 a barrel in February bolstered the value of bonds issued by companies such as Chesapeake Energy and Whiting Petroleum....
...Chesapeake, the second-largest producer of natural gas in the US, led the sector’s pullback, down 3.2 per cent to $4.28, after the company announced that its retirement plan was in partial termination following...
...reckons its private investments “may have also lost value in the fourth quarter and so far in 2016 due to declining markets and the significant deterioration in commodity-related investments (including Chesapeake...
...The move comes hours after the S&P pushed Chesapeake Energy deeper into junk territory....
...The list includes companies such as Chesapeake Energy, Goodrich Petroleum, Halcon Resources, EXCO Resources and Linn Energy, which have suffered from the steep drop in oil prices over the past 20 months....
...Meanwhile, embattled energy and mining companies, like Freeport-McMoRan and Chesapeake Energy are seen as the biggest earnings laggards....
...The move comes hours after S&P downgraded Chesapeake Energy deeper into junk territory and took ratings actions on 45 energy exploration companies, writes Anna Nicolau in New York....
...Chesapeake Energy led the declines on the index. The oil and gas producer fell 3.51 per cent to $12.09....
...As he notes, companies such as Chesapeake Energy and Encana have been victims of their own success – shale gas exploration has been so successful in the US that prices for natural gas have tumbled, lowering...
...Since Mr McClendon left Chesapeake the company he co-founded in 1989 has been bouncing back....
...Pressure from investors last summer, including activist shareholder Carl Icahn, succeeded in replacing Aubrey McClendon, chairman of Chesapeake Energy, with an independent chairman after concerns were raised...
...To be with his family for the event, Mr Mandl drove 250 miles to his home on Chesapeake Bay in Maryland, then later drove back. By Tuesday morning the deal was done....
...Meanwhile, The Oil Drum points out that just last week, Chesapeake’s chief executive Aubrey McClendon was expressing pessimism about the oil potential of the Utica shale formation in Ohio....
...It was revealed Chesapeake’s chief executive ran a $200m hedge fund on the side....
...The previously-undisclosed loan came from EIG Global Energy Partners, which was at the same time helping arrange a major $1.25bn round of financing for Chesapeake itself, says Reuters....
...Low prices have prompted producers including Chesapeake Energy and Encana to announce cutbacks....
...For example, last year Temasek and RRJ Capital, controlled by investor Richard Ong, partnered to acquire 70 per cent of Frac Tech Holdings from Chesapeake Energy Corp for $3.5bn, making it one of the 10...
...Earlier this week one Weir customer, Chesapeake Energy, said it was planning an 8 per cent cut in gas production and a 67 per cent cut in the number of rigs drilling gas wells....
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