Get started

Chesapeake

CHK Chesapeake Energy Corporation Options Ahead of EarningsIf you haven`t bought CHK before the previous earnings: Then analyzing the options chain and the chart patterns of CHK Chesapeake Energy Corporation prior to the earnings report this week, I would consider purchasing the 92.50usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $0.95. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CLong
by TopgOptions
Chesapeake Energy, Southwestern Energy Combining in $7.4 Billion In a strategic move to strengthen their position in the highly competitive energy sector, Chesapeake Energy and Southwestern Energy have announced a groundbreaking $7.4 billion all-stock merger. The deal, set to form one of the largest natural gas producers in the United States, comes at a crucial time for the industry, marked by a series of high-profile mergers and acquisitions. The Merger Details: Chesapeake Energy, based in Oklahoma City, and Southwestern Energy, headquartered in Houston, will join forces to create a company with a market value of approximately $24 billion. The all-stock deal will see Southwestern shareholders receiving 0.0867 shares of Chesapeake common stock for each outstanding Southwestern common stock share at closing. Chesapeake shareholders will dominate ownership, holding around 60% of the combined company, while Southwestern shareholders will have a 40% stake. The transaction, valued at $6.69 per share, is expected to be finalized in the second quarter of this year, pending approval from both Chesapeake and Southwestern shareholders. Strategic Vision: The merger aims to leverage the strengths of both companies, creating a powerhouse with significant operations in the Appalachia region and Haynesville, Louisiana. With a current net production of approximately 7.9 Bcfe/d and an extensive inventory of over 5,000 gross locations, the combined entity is poised to meet the growing demand for natural gas in the U.S. and overseas. Chesapeake CEO Nick Dell’Osso expressed optimism about the merger's potential impact on America’s energy landscape, stating, "We will be positioned to deliver more natural gas at a lower cost, accelerating America’s energy reach and fueling a more affordable, reliable, and lower carbon future." Houston Facility and LNG Demand: Notably, the merged company plans to establish a facility in Houston to supply lower-cost, lower-carbon energy, addressing the increasing demand for domestic and international liquefied natural gas (LNG). This strategic move positions the company at the forefront of the energy transition, aligning with global efforts to reduce carbon emissions and promote sustainable energy solutions. Industry Landscape and Global Trends: The Chesapeake-Southwestern merger is part of a broader trend in the energy sector, following significant acquisitions such as Exxon Mobil's $60 billion purchase of Pioneer Natural Resources and Chevron's $53 billion deal with Hess. These transactions signal a wave of consolidation in response to the challenges posed by fluctuating oil prices, global economic uncertainties, and the rise of renewable energy sources. Conclusion: As Chesapeake Energy and Southwestern Energy embark on this transformative journey, the merger not only propels them into a leading position in the U.S. energy landscape but also underscores the industry's adaptability in the face of evolving market dynamics. The creation of a powerhouse with substantial reserves and production capabilities reflects a commitment to meeting the world's energy needs while embracing a more sustainable and affordable future. The forthcoming months will likely witness the realization of this ambitious vision, as shareholders await the finalization of the merger and the emergence of the new, yet-to-be-disclosed, company name.
CLong
by DEXWireNews
1
CHK Chesapeake Energy Corporation Options Ahead of EarningsIf you haven`t bought CHK here: Then analyzing the options chain and the chart patterns of CHK Chesapeake Energy Corporation prior to the earnings report this week, I would consider purchasing the 85usd strike price Calls with an expiration date of 2023-8-18, for a premium of approximately $2.20. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
CLong
by TopgOptions
CHK Double Bottom Or Another Fake-Out Coming?Is The Energy Sector Signalling Chesapeake CHK A Penny Stock To Buy Or Sell Right Now? " One of the bigger reasons behind the company’s actual decline was the fact that after having fallen down the pecking order among natural gas companies, it made a shift to oil exploration. The switch may be explained by the higher prices of oil as opposed to that of natural gas. But the switch has resulted in weakening the company. " Source: Best Penny Stocks To Buy Or Sell: Chesapeake Energy (CHK)
C
by PennyStocks101
3
CHK - OverviewGood evening everyone, CHK is being on a huge downtrend for some years already, pretty much since 2014, the question is, how deep a stock can go? The answer is, 0, of course, but what about new ATH's ? the answer is, infinite and beyond =) This stock just rejected again the 1.80 support level from FEB/16 and now its being on a slighty uptrend (H4 chart). If we see the last weekly candle closure, it closed RIGHT on our 50 ema which may work as resistance (monday open will tell us) and above H4 200 sma level, what concerns me was the next candle. Almost the same volume as the previous one but too little progress, exhaustion ? I expect price to return to yellow uptrend (H4 chart) and then go test our big weekly downtrend (pink line), shall price reject the weekly downtrend then we can try short this stock to current 1.80usd bottom level. This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
C
by MarcelMartins
4
CHK 1 Hour Elliott Wave AnalysisHello Traders, In this 1-hour Elliott Wave analysis, we will have a look at the CHK stock. Up from 02/09/18 low, CHK it’s proposed to be nesting higher, where it ended blue wave (1) at the peak of 02/23/18 (3.45) and blue wave (2) pullback at the low of 03/02/18 (2.76). Up from that low, current view is suggesting that the stock is in a extend blue wave (3), where it ended internal red wave 1 at the peak 05/22/18 (5.00) and red wave 2 pullback at the low 05/25/18 (4.09). From there it completed black wave ((i)) at the peak of 06/11/8 (5.10) and black wave ((ii)) pullback at the low of 06/15/18 (4.54). Up from 4.54 low, it ended a 5 wave Elliott Wave leading diagonal structure in blue wave (i) at the peak of 06/22/18 (5.13) and the proposed pullback in blue wave (ii) ended at 06/26/18 low (4.77) in an Elliott Wave triple structure. Up from there, we are calling red wave i completed at 06/27/18 peak (5.45) and the pullback in red wave ii at 06/28/18 (5.04) completed as well. As long as CHK stays above 5.04 low and more importantly the pivot at 4.77 low stays intact in our distribution system, we are expecting it to extend higher. However, a double correction lower in red wave ii can't be ruled out as long as the stock does not break red wave i peak. We don't like the selling as the right side remains to the upside.
CLong
by Elliottwave-Forecast
Chesapeake Energy (CHK). Upside potential is huge.The old follower @Abhimi4u asked me about a favor to make a chart analysis for CHK. Before I start, often people enter the stock and then try to analyze it be it FOMO or other emotional trading type. Avoid such trading style - market always moves and hence offers the everyday opportunity especially when we got the millions of stock names so trade only when you are sure. Here we go. First of all, please always check company's fundamentals, I use finviz.com and gurufocus.com for this. And only then we should use chart analysis. So this is just my view. The CHK is in possible long lasting consolidation WXY. The last leg up could hit the upper side of the white channel. But I recommend to cover longs if any when the price will reach the former top at the 8.20 for safer play. The wave Y already broke out the yellow resistance so the odds are in favor of the follow through buying.
CLong
by aibek
2
CHK- Short Term Bullish. Intermediate and Long Term TBDNear term catalyst- Bullish engulfing on 7/7 Bullish MACD crossing Broken distribution trend line RSI breaks out of over-sold conditions. In the intermediate term, CHK still appears to be moving in a range. Based on the upper line, it looks like 14 will be an important area. It it breaks through 14, there is a gap at ~18.50 that may be filled. If it meets resistance at 14, I think we may see new lows. Fundos, in brief- Stock could be influenced by Icahn rumors, natural gas movements, updates regarding the dividend, and earnings/forward guidance, specifically around returning to being FCF positive, and reducing debt.
CLong
by dsorchestra90