Natural Gas Is at a 7-Year High. Here Is One Way to Play It. [Barron's]
Chesapeake Energy Corporation (CHK)
Last chesapeake energy corporation earnings: 2/26 07:00 am
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Source: Barrons
Natural gas is trading at its highest levels since 2014, outpacing oil and many other commodities. Gas demand is rising, and the amount of gas in storage is running low,. On Thursday, natural gas futures were trading down 0.8%, to $4.87 per million British thermal units (BTUs). On Wednesday, they briefly traded over $5 before settling at $4.91, their highest settlement price since February 2014. Natural gas has nearly doubled this year. Natural gas is primarily used for heating and electricity. The pandemic caused gas prices to fall hard last year, and they hit lows of $1.83 in September 2020. But a cold winter in Europe, and the global rebound from Covid-19, have caused demand to rise and reduced the amount of gas in storage. There is 17% less gas in storage than there was at this time last year and 7% less than the five-year average, according to U.S. government statistics. Hurricane Ida has, because it knocked out a considerable amount of gas production, depleting supplies. As o
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News
- Chesapeake Energy closes in red after six sessions of gains [Seeking Alpha]Seeking Alpha
- Natural Gas Producers Are Slashing Spending As Prices Stumble [Yahoo! Finance]Yahoo! Finance
- US natgas output down 7% as producers cut back amid price collapse [Yahoo! Finance]Yahoo! Finance
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target lowered by analysts at Mizuho from $104.00 to $100.00. They now have a "buy" rating on the stock.MarketBeat
- Chesapeake Energy: Limited Upside In 2024 [Seeking Alpha]Seeking Alpha
CHK
Earnings
- 2/20/24 - Beat
CHK
Sec Filings
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- CHK's page on the SEC website