Chesapeake Energy Aktie News

Chesapeake Energy and Southwestern Energy said on Friday the closing date of their proposed $7.4 billion merger has been pushed back to the second half of the year after receiving a second request for information from the Federal Trade Commission.

Crude oil prices have been on fire this year with OPEC's production cuts and the anticipation of interest rate pullbacks. Amidst the bullishness, though, it's important to be circumspect, which should have investors considering energy stocks to sell in April.

Oil is – and has always been – the primary driver in energy stocks. When prices swing as aggressively as they are about to, investors tend to position themselves with more than clear expectations.

Chesapeake Energy will become the largest domestic natural gas producer in the U.S. after its merger with Southwestern Energy. The combined entity will be on par with major energy giants like Chevron, Exxon, Shell, and BP in terms of global natural gas production. Chesapeake Energy's capital spending and production guidance has potentially signaled a bottom in natural gas prices.

Chesapeake Energy said it would cut spending and natural gas output this year as it sees the market being "oversupplied", causing the company's shares to rise more than 7% on Wednesday.

Chesapeake Energy Corporation (CHK) Q4 2023 Earnings Call Transcript

Chesapeake Energy reported a steep decline in fourth-quarter profit on Tuesday, as the natural gas producer battled lower commodity pricing during the period as well as a decline in output.

OKLAHOMA CITY , Feb. 20, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today reported fourth quarter and full-year 2023 results and issued 2024 guidance. Fourth Quarter 2023 Highlights: Net cash provided by operating activities of $470 million Net income totaled $569 million, or $4.02 per fully diluted share; adjusted net income(1) totaled $185 million, or $1.31 per share Adju...