Chesapeake Energy Corp. is the second-largest producer of natural gas, the 11th largest producer of oil and natural gas liquids and the most active driller of new wells in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime and Niobrara unconventional liquids plays and in the Marcellus, Haynesville/Bossier and Barnett unconventional natural gas shale plays. The company also owns substantial marketing and oilfield services businesses through its subsidiaries Chesapeake Energy Marketing Inc. and Chesapeake Oilfield Services L.L.C.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
The Energy Report Interview with Josh Young
"Companies active in the Marcellus sweet spot in northwestern West Virginia include Chesapeake Energy Corp. . .Chesapeake is now in the process of unwinding the former corporate strategy. Chesapeake used to accumulate speculative land with the hope of being able to resell it into a joint venture. . .rather than spend the capital to drill in order to get high land prices, the company chose to exit the positions and refocus capital on its core areas. The new strategy makes sense, but it is a big change."
David White, Seeking Alpha
"In Q1/13, Chesapeake Energy Corp. beat on both earnings and revenues—it reported adjusted profit of $0.30/share. This result represented 67% YOY growth, and it beat the average analyst's estimate of $0.26/share handily. . .the company reported revenues of $3.42B—this result was up 42% from Q1/12 and it easily beat analysts' average estimates of $3.1B. . .these good results were based on good production growth and a rebound in natural gas prices. . .Chesapeake has truly huge remaining assets, even with its many asset sales; it is a buy."
Phil Weiss, Argus Research
"[We are] raising estimates following solid Q1/13 results. . .on May 1, Chesapeake reported Q1/13 adjusted earnings of $0.30/share, excluding special items, compared to $0.26 in Q4/12 and $0.18 in Q1/12. EPS exceeded both the consensus of $0.25/share and our $0.24 forecast. The results were driven by better-than-anticipated oil production and lower-than-forecast unit costs. Management also lowered its guidance for 2013 production expense and general and administrative costs, and modestly increased its production outlook."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
"Chesapeake Energy Corp. just released a nice earnings report. Its shares are rising sharply in pre-market trading. As I discussed before, Chesapeake natural gas is unhedged, and the rising natural gas price greatly boosted its bottom line. Let's hope it is the turning point for the company.The weather continues to be much colder than average this spring. . .this is quite bullish for natural gas in North America."
John Freeman, Raymond James
"Chesapeake Energy Corp. reported Q1/13 EPS/EBITDA/CFPS of $0.30/$1.156B/$1.14, which handily beat the Street. . .the beat was driven by slightly higher production, strong oil price realizations and lower-than-expected depletion, depreciation and amortization/interest expenses. . .the company is the most active Utica operator, with 66 producing wells and many more undergoing completion."
Chesapeake Energy Corp. Content
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