A bullish energy option trader just paid 40¢ to buy a 33,000-lot call spread expiring in October, and appears to be gearing up for a 20% surge in the share price of Chesapeake Energy Corp. (Ticker:CHK).
Not all shale plays are created equal, and one in particular is bucking the trend with robust economics and company share prices that show it. But is it too late to buy in?
Aubrey McClendon is gone — or at least he's on his way out from Chesapeake Energy (CHK). But the destruction of the natural gas market is his real legacy, and not likely to be recovered from anytime soon.
Shares of Chesapeake rose after a regulatory filing showed that billionaire investor Carl Icahn, the second-largest shareholder in Chesapeake, has raised his stake in the U.S. oil and gas company from 7.5% to 8.9%.
GE and Peake Fuel Solutions, an affiliate of Chesapeake Energy, launched the "CNG in a Box" system, which allows easier adoption of compressed natural gas refueling options.
