The Wall Street Journal: U.S. shale companies may benefit from OPEC’s output boost [MarketWatch]
Chesapeake Energy Corporation (CHK)
Last chesapeake energy corporation earnings: 2/26 07:00 am
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Source: MarketWatch
U.S. shale companies may benefit from OPEC’s output boost U.S. shale companies, which kept pumping when the rest of the world cut back oil production, are in a strong position to benefit now that the Organization of the Petroleum Exporting Countries is boosting its output. OPEC’s decision last week to increase production modestly is seen as an attempt to keep prices elevated without creating a spike. The move eased concerns among the member countries about tightening supply and the potential for a price spike, but it also lifted the stock prices of U.S. oil producers, which have learned to survive at whichever price OPEC pursues. “We’re not running our business based on what OPEC does regarding supply,” said Doug Lawler, chief executive of Chesapeake Energy Corp. CHK, +3.70% , a pioneer of shale drilling. “We just have to respond accordingly and focus on the technology and the innovation that helps us be efficient regardless of the price.” U.S. production has grown at a record-brea
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News
- STEP Energy Services Ltd. Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Chesapeake Energy Corporation (NASDAQ:CHK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target lowered by analysts at Benchmark Co. from $107.00 to $93.00. They now have a "buy" rating on the stock.MarketBeat
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target raised by analysts at Mizuho from $100.00 to $101.00. They now have a "buy" rating on the stock.MarketBeat
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target raised by analysts at Stephens from $116.00 to $117.00. They now have an "equal weight" rating on the stock.MarketBeat
CHK
Earnings
- 4/30/24 - Miss
CHK
Sec Filings
- 5/7/24 - Form S-4/A
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- CHK's page on the SEC website