Chesapeake Energy Corporation (NYSE:CHK) is likely to become an acquisition target for Oil and Natural Gas Corporation (ONGC) in the coming weeks due to increasing parity in natural gas prices in the North American and Asian markets.
By Stock Croc:Still feeling the effects of too much natural gas and not enough demand, energy companies are looking for creative maneuvers for keeping their businesses profitable. Chesapeake Energy (CHK) is utilizing the technique of partaking in some good old fashioned deal negotiations to build up cash.
By Kevin McElroy: I own shares of Chesapeake Energy Corporation (NYSE: CHK). Unfortunately, I bought them at just about the highest price they traded at this year – and they've done nothing but fall since. But I'm not selling just yet.
Citigroup Inc (NYSE:C) has given Chesapeake Energy Corporation (NYSE:CHK) a Buy rating owing to the recent asset sales and strong oil production, which has improved liquidity. Chesapeake’s new administration has proposed some cost-cutting initiatives to improve the company’s balance sheet.
Encana Corp. is preparing to sell its Deep Panuke offshore project in Nova Scotia later this year, according to people familiar with the matter, as Canada’s largest natural gas producer shifts production toward more oil. The company’s shares rose.
By Global Value Investor:Chesapeake Energy Corporation (CHK) is a U.S. energy company specializing in oil and gas. The company has a strong exposure to natural gas, making it the second-largest U.S. natural gas supplier. The company is focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S.