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Stock impact report

Energy stocks have room to build on solid start 6:31am EST [Reuters]

Chesapeake Energy Corporation (CHK) 
Last chesapeake energy corporation earnings: 2/26 07:00 am Check Earnings Report
US:NYSE Investor Relations: chk.com/investors
Company Research Source: Reuters
Energy stocks have room to build on solid start | Reuters 5 Min Read NEW YORK (Reuters) - Energy stocks have got off to a strong start this year and look poised to run further, fueled in part by a rebound in oil prices, climbing U.S. production and investors looking to take advantage of shares that could be a bargain after a disappointing 2017. The S&P 500 energy index fell 3.8 percent in 2017, one of only two of its 11 major sectors to close out the year in negative territory, even as the overall S&P 500 rallied nearly 20 percent. Those declines came despite a friendlier energy policy by the administration of U.S. President Donald Trump, while investors remained unconvinced a rise of more than 12 percent in WTI crude oil to the $60 a barrel by the end of the year mark would hold. But a combination of factors, including global economic growth, continued weakness in the dollar, the ability of OPEC to keep production curbs in place and restraint on the part of U.S. shale producers has h Show less Read more
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