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...The deals rebalance Chesapeake’s portfolio towards gas....
...Chesapeake, once a poster child for the sector’s excesses, emerged from bankruptcy in February 2021 — and earlier this month reported record-high adjusted quarterly free cash flow of $532mn from the first...
...The deal between Whiting and Oasis follows others in the shale industry including Devon Energy’s purchase of WPX, Pioneer Natural Resources’ acquisition of Parsley Energy and Chesapeake Energy’s agreement...
...High profile casualties included Chesapeake and Whiting. Services providers were hit especially hard as operator cutbacks left them out of work....
...The recent price crash has already pushed many highly leveraged US oil and gas companies into bankruptcy with shale pioneer Chesapeake Energy the biggest casualty to date....
...Chesapeake Energy, which is on the verge of bankruptcy, jumped 180 per cent on Monday....
...(FT) News round-up BP agrees $5bn sale of petrochemicals business to Ineos (FT) Bharti Enterprises emerges as key investor in UK’s OneWeb bid (FT) Shale pioneer Chesapeake Energy files for bankruptcy...
...Other distressed companies including JC Penney, Whiting Petroleum and Chesapeake Energy experienced similar volatility....
...Hertz might be the most well-known but Robinhood users have also helped to resurrect the likes of JC Penney (bankrupt), Whiting Petroleum (also bankrupt) and Chesapeake (almost bankrupt)....
...Soaring debts financed Chesapeake’s rapid growth, making it an early case study of the sector’s struggles to deliver returns to investors....
...Earnings With US earnings season winding down, just 55 companies on the S&P 500 are scheduled to report earnings next week including Home Depot, Walmart, Newmont Mining and Chesapeake....
...Chesapeake is the second-largest gas supplier in the US....
...The ditches leading to Stumpy Lake are a banal part of the woodland where a housing developer wants to build in Chesapeake, Virginia....
...The biggest fallers were the industry’s weaker members, such as Anadarko, Williams Cos and Chesapeake, which fell 3.4 per cent to $54.16, 1.8 per cent to $28.06 and 3.1 per cent to $6.26, respectively....
...Among the worst performers were Southwestern Energy, which fell 10.4 per cent to $11.66, Chesapeake, which gave up 6.3 per cent to $4.30 and Marathon Oil, which lost 6.1 per cent to $14.72....
...Shares in Marathon Oil rose 2.7 per cent to $14.25, Chesapeake Energy advanced 2.5 per cent to $5.01 and Murphy Oil gained 2.4 per cent to $28.48....
...Chesapeake Energy shares fell 5 per cent to $4.35 — the biggest decliner on the S&P 500 energy sector index....
...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....
...Shares of Chesapeake Energy climbed 6.1 per cent to $6.46, Marathon Oil rose 5.1 per cent to $16.43, Southwestern Energy advanced 4.2 per cent to $14.04 and Anadarko Petroleum gained 3.3 per cent to $56.05...
...Chesapeake Energy, a natural gas group, has been the worst performer in the sector, collapsing 71.7 per cent to $4.18. Energy infrastructure company Williams Cos has dropped 61 per cent to $20.73....
...Among the gainers in the sector were Chesapeake Energy, up 7.2 per cent to $4.59, and Southwestern Energy, up 3.4 per cent to $13.01....
...Meanwhile, Chesapeake Energy shares fell 1.8 per cent to $4.88 after analysts at RBC downgraded the stock to “underperform” from “sector perform”, while leaving the price target unchanged at $5....
...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...
...Chesapeake Energy shares climbed 9.6 per cent to $4.58 and Transocean rose 9 per cent to $12.84....
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