Chesapeake energy

A crude oil inventory draw of 1.6 million barrels sent oil prices higher today, with the EIA also reporting a fall in gasoline inventories and a modest build in distillate fuel inventories.

Bullish sentiment appears to have returned to the stock markets with a vengeance.

Chesapeake Energy Corp. said it will spend $1.71 billion to buyback preferred shares and add oil production and reserves.
Chesapeake Energy Corp. agreed to sell oil and natural-gas assets for $6.9 billion in a series of transactions that will narrow a cash-flow shortfall threatening to crimp the company’s drilling and production goals.
Chesapeake Energy Corp. CEO Aubrey McClendon will tout the company’s stock to Wall Street analysts and investors tomorrow as a board investigation of his personal finances enters its fifth month.
Shares of Chesapeake were underwater after announcing that it is the subject of an investigation over possible criminal antitrust violations related to the purchase and lease of oil and gas properties in Michigan.
Chesapeake Energy posted a sharp uptick in second-quarter earnings as it benefited from the sale of assets in Chesapeake Midstream Partners, as well as one-time non-cash gains from hedging activities.
Slumping oil and natural-gas prices threaten to exacerbate a cash crunch at Chesapeake Energy Corp., adding to pressure on Chief Executive Officer Aubrey McClendon to sell oilfields from Texas to Ohio.
Chesapeake Energy Corp. made $5.5 billion in pretax profits since its founding more than two decades ago. So far, the second-largest U.S. natural-gas producer has paid income taxes on almost none of it.
Chesapeake Energy Corp. named former ConocoPhillips Chairman Archie Dunham to lead its board as the second-largest U.S. natural-gas producer struggles with falling energy prices and mistrust of its management.