BNET Industries
Chesapeake Energy Corp. (CHK) is in the Energy Industry
- Revenue
- Dec 31 2007
- $7.8B
- Profit
- Dec 31 2007
- $1.4B
- Market Cap
- Sep 04 2008
- $25.8B
Latest News and Analysis
SEC's New Plan Could Revamp Oil and Gas Reporting Rules
David Enke submits: A new proposed SEC plan will overhaul oil and gas reporting rules that have existed since the 1970s. The new rules will boost the proven reserves reported by oil companies, and in the process boost their shares and potentially increase interest in takeovers (see Financial Week...
British Petroleum Moves into Arkansas with Chesapeake Energy Shale Purchase
The second largest oil company in the European Union, British Petroleum (NYSE: BP), has announced that it has entered into an agreement to purchase 25% of Chesapeake Energy's (NYSE: CHK) Fayetteville, Arkansas shale joint venture. British Petroleum is spending $1.9 billion dollars for the interest. Of the $1.9 billion dollar...
Chesapeake Energy Called the Market's Bluff
Horacio Marquez submits: To say that trading energy stocks has been difficult in recent months is a major understatement. When you see that even an industry giant like Chesapeake Energy Corp. CHK lost money in its hedging activities, you know that trading activity during the last quarter was...
New Gas Discoveries a Boon for U.S. Energy Sector
Money Morning submits: by Jason Simpkins After declining for 15 years, U.S. natural gas production is finally on the rise, thanks to new technological developments that make it possible to draw large amounts of gas from deposits previously thought to be unreachable. An increase in natural gas production of...
Q2 2008 Portfolio Moves: David Winters, T. Boone Pickens, Jim Puplava
Davy Bui submits: The Wintergreen Fund, managed by David Winters, was fairly steady judging from its 13F filing. My spreadsheet is a little off as it seems some of the CUSP IDs were changed from last quarter so disregard the new positions shown in GLD & CNQ. Winters opened...
Chesapeake Energy: Earnings and Shale Drama
Davy Bui submits: A quick rundown on Chesapeake's CHK Q2 earnings and then I’ll focus on strategic matters. All results US$ unless otherwise noted: Cash flow from operations increased 30% to $2.8B for the 6 months ended 06/30/2008. That’s probably another record for...
Time To Gradually Reaccumulate Energy Stocks - And Gold
Excerpt from Raymond James strategist Jeffrey Saut's latest essay: Excerpt from Raymond James strategist Jeffrey Saut's latest essay: For months we have counseled accounts to reduce exposure to our beloved “stuff stocks” (energy, materials, base / precious metals, cement, timber, etc.) even though we continue to think “stuff” remains in...
Options Trader: Tuesday Outlook
Phil Davis submits: And another hurricane bites the dust! This is turning into another disaster for natural gas traders, who ran up the price up to $14 just 4 weeks ago from $7 at the beginning of the year and now, 30 days later, it’s back to $7. ...
Five Options Ideas: Chesapeake Energy, CIT Group, Commercial Metals, GLD, Campbell Soup
Frederic Ruffy submits: The options expiration failed to trigger much volatility in the equity market last week. The S&P 500 Index (.SPX) finished at 1,298.20 and less than 2 points above a week ago. The lack of movement in the S&P 500 might explain why the CBOE Volatility Index...
T. Boone Pickens Holdings Down Nearly 20% This Quarter
Hickey and Walters Bespoke submit: The holdings in T. Boone Pickens' hedge fund at the end of Q2 aren't doing so well this quarter. Based on the 13-F released by BP Capital yesterday, the fund's holdings are collectively down 19.7% since the start of July. (This doesn't reflect...
Natural Gas: Clean Fuel with a Dirty Little Secret
Nathan Weiss submits: The natural gas market has a dirty little secret: The U.S. natural gas market is currently massively oversupplied. We believe that E&P companies know this, with Goodrich Petroleum GDP, XTO Energy XTO, Cabot Oil and Gas Corp COG and Chesapeake Energy CHK coming to public markets...
Natural Gas & Wind Power - The Pickens Plan
Investment U submits: While many billionaires are enjoying retirement on a super-sized yacht in the Caribbean, T. Boone Pickens is doubling down at the age of 80. Over the last three decades, investors who have followed his lead have made millions. Pickens doesn't work because he wants to move up...
Too Soon to Re-enter Oil Stocks?
Henrique Simoes submits: Is it to soon to re-enter oil stocks? Oil stocks are down 11% year-to-date and down 21% from the year high established on May 20, responding to the 20% drop in oil prices. Yesterday, IEA, the International Energy Agency, raised its forecast for global oil demand in...
While Natural Gas Production Increases, Company Stock Prices May Not
David Enke submits: As a result of high prices, new reserve finds, and better technology, natural gas production in the US is up 8% this year, with growth expected to continue as new wells come on-line in Texas, Oklahoma, and Louisiana, and new reserves are scheduled to be taped...
Sector and Stock Performance Since Oil's Peak
Hickey and Walters Bespoke submit: Since oil peaked using closing prices on July 3rd, the commodity is down about 21%. Over the same time period, the average stock in the S&P 500 is up 6.11%. Below we highlight the average performance of stocks in each sector since oil's...
Chesapeake Energy: Precariously Leveraged
Lea Cabrerra submits: Chesapeake Energy's CHK 12/31/2007 and 3/31/2008 cash on hand of $1 million and $4 million respectively, as well as yet another secondary offering of its stock, raises questions about managements ability to manage the company's growth. In short, management sold 25 million additional shares at $57.25....
Wind's Our Future, but Natural Gas Is Now
Marc Courtenay submits: The attacks on T. Boone Pickens' plans -- everything from his integrity and self-interest to his quixotic nature -- as Jim Cramer says, "just makes no sense whatsoever. They hold no water at all. They are just wrong and misguided. The people against him, the ones...
Wednesday Options Update: CHK, MER, RIGL, MYL, HRS, IR, LIZ
Rebecca Engmann Darst contributed to this report. Chesapeake Energy CHK – Highly intriguing call-spread activity to report this morning out of oil and natural gas extractor Chesapeake Energy, whose shares rose 2% to $45.79 following mixed oil inventory data. Chesapeake shares are more than $23 off their high of July...
Chesapeake Energy Pre-Call Notes: Another Quarter, Another Beat
Chesapeake Energy CHK - July 31, 2008 Close of $50.15 (the stock was actually higher ($50.93) before they announced earnings results) In A Nutshell. Chesapeake reported better than expected top and bottom line results with production exceeding the top end of CHK’s guidance and CFPS exceeding the top...
Chesapeake Energy Corp. Q1 2008 Earnings Call Transcript
Chesapeake Energy Corp. Q1 2008 Earnings Call Transcript
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- Incorporated: 1991
- CEO: Mr. Aubrey K. McClendon
Chesapeake Energy is primarily engaged in the business of acquiring, exploring and developing properties for the production of crude oil and natural gas from underground reservoirs as well as the marketing of natural gas and oil for other working interest owners in properties it operates. Co.'s properties are mainly located in Oklahoma, Texas, Alabama, Arkansas, Louisiana, Kansas, Montana, Colorado, North Dakota, Nebraska, New Mexico, West Virginia, Kentucky, Ohio, New York, Maryland, Michigan, Mississippi, Pennsylvania, Tennessee, Utah, Virginia and Wyoming. As of Dec 31 2007, Co. had proved reserves of 10.879 trillion cubic feet of gas equivalent, of which 93.0% were natural gas.
Key Competitors
Chesapeake Energy Corp. Company Info
Board of Directors
Mr. Aubrey K. McClendon
Chairman
Senator Donald L. Nickles
Governor Frank A. Keating
Mr. Frederick B. Whittemore
Mr. Merrill A. Miller Jr.
Mr. Breene M. Kerr
Mr. Charles T. Maxwell
Mr. Richard K. Davidson
Mr. V. Burns Hargis
Contact Information
6100 North Western Avenue
Oklahoma City, OK
405 848-8000
NAICS Code
Crude Petroleum and Natural Gas Extraction: 211111
