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Chesapeake Energy , a top U.S. natural gas producer, began laying off employees this week after completing the divestiture of its oil assets last year, the company said on Monday.
Professional traders often say that the first move is always wrong; how much traction that saying has over shares of Chesapeake Energy Co. NASDAQ: CHK is up for debate. After reporting its first quarter 2024 earnings, arguably the most critical earnings as they set the tone for the rest of the year, a decline in the stock price could be an opportunity in disguise.
Chesapeake Energy (CHK) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $1.87 per share a year ago.
With natural gas price action remaining volatile, we recommend investors to hold onto companies with strong fundamentals, such as CTRA and LNG.
The delay in the Chesapeake (CHK) and Southwestern (SWN) merger comes as the FTC has requested more information, which indicates a more thorough review process.
The natural gas market is characterized by unpredictability in weather and production trends. Our recommendation is to concentrate on companies with strong fundamentals, such as CTRA and LNG.
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.
The natural gas space is currently quite unpredictable and spooked by sudden changes in weather and production patterns. We advise focusing on fundamentally solid companies such as CTRA and LNG.
The natural gas space is currently quite unpredictable and spooked by sudden changes in weather and production patterns. We advise focusing on fundamentally solid companies such as CTRA and LNG.