Natural Gas Producers Are Slashing Spending As Prices Stumble [Yahoo! Finance]
Chesapeake Energy Corporation (CHK)
Last chesapeake energy corporation earnings: 2/26 07:00 am
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Source: Yahoo! Finance
the state in which we find the present-day natural gas market. Burgeoning supplies from prolific wells in the Marcellus and Haynesville shale basins have met with increasing amounts of associated gas from the Permian as noted in last month's EIA-Drilling Productivity Report- DPR All of this has met with an El Niño led reduced demand for winter heating needs. The El Niño effect, combined with extended timelines for the arrival of new LNG demand for pipeline gas, has simply destroyed pricing for the commodity over the last several months. Tying these points to my opening line, we see that a huge storage overhang will greet injection season, with storage volumes that are likely to be substantially above 2023 levels. You can see the slope of the blue line in the EIA gas storage graph below is much flatter than at the same point in late March of 2023, where inventories bottomed at 1.830 TCF. In all likelihood, we will reach late March of 2024 with at least an extra couple of hundred BCF
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News
- UPDATE 1-US natgas prices little changed as colder forecasts offset storage oversupply [Yahoo! Finance]Yahoo! Finance
- CHESAPEAKE ENERGY CORPORATION PROVIDES 2024 FIRST QUARTER EARNINGS CONFERENCE CALL INFORMATIONPR Newswire
- Can Chesapeake Energy Handle A Low Natural Gas Price Environment? [Seeking Alpha]Seeking Alpha
- Bearish: Analysts Just Cut Their Chesapeake Energy Corporation (NASDAQ:CHK) Revenue and EPS estimates [Yahoo! Finance]Yahoo! Finance
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target raised by analysts at Scotiabank from $92.00 to $110.00. They now have a "sector perform" rating on the stock.MarketBeat
CHK
Earnings
- 2/20/24 - Beat
CHK
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- CHK's page on the SEC website