Some of Thursday's midday movers:» Read More
*Southwestern to buy assets in Marcellus and Utica shale fields. Oct 16- Southwestern Energy Co said it would buy some oil and gas assets in the Marcellus and Utica shale fields in West Virginia and Pennsylvania from Chesapeake Energy Corp for about $5.37 billion. The deal is positive for Chesapeake and other Utica and Marcellus shale players as it marks the...
*Netflix tumbles after quarterly results. NEW YORK, Oct 16- The S&P 500 and Nasdaq eked out slight gains after another choppy session on Thursday as economic data eased fears about the potential effect of a weakening global economy on the United States. Providing some support to the market, St. Louis Federal Reserve Bank President James Bullard told Bloomberg...
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Chesapeake Energy Corp., up $3.02 to $20.79. The energy company is selling drilling assets in West Virginia and Pennsylvania to Southwestern Energy Co. for $5.4 billion.
*Netflix tumbles after quarterly results. *UnitedHealth leads Dow, S&P higher. NEW YORK, Oct 16- The S&P 500 and Nasdaq moved in and out of positive territory in afternoon trading Thursday after starting the day with losses, as economic reports eased fears about the potential impact of a weakening global economy on the United States.
*Netflix tumbles after quarterly results. *UnitedHealth leads Dow, S&P higher. NEW YORK, Oct 16- U.S. stocks edged higher in afternoon trading Thursday, rebounding from earlier declines, as a flurry of economic reports eased fears about the potential impact of a weakening global economy on the United States.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. ITT Educational Services Inc. rose 32.6 percent to $5.27. Chesapeake Energy Corp. rose 17.2 percent to $20.83.
*Netflix tumbles after quarterly results. *UnitedHealth leads Dow, S&P higher. Adding to the positive tone, St. Louis Federal Reserve Bank President James Bullard told Bloomberg television the U.S. central bank may want to keep up its bond buying stimulus for now given a drop in inflation expectations.
Oct 16- Chesapeake Energy Corp said it would sell some oil and gas assets in Marcellus and Utica shale fields in West Virginia and Pennsylvania to Southwestern Energy Co for about $5.37 billion, sending its shares up 5.8 percent premarket. Southwestern, which already has assets in Fayetteville shale and northeastern Pennsylvania Marcellus, is adding acreage...
*Netflix tumbles in premarket after quarterly results. *Goldman Sachs falls after earnings. The VelocityShares Daily 2 x VIX Short Term exchange-traded note jumped 23.8 percent to $6.04 in premarket.
HOUSTON— Southwestern Energy will spend about $5.38 billion to acquire drilling assets in West Virginia and southwest Pennsylvania now owned by Chesapeake Energy. Southwestern said Thursday that by 2017' s end it estimates the reserve mix to be approximately one third each for the Fayetteville, northeast Marcellus and the newly acquired West Virginia and...
Oct 16- Oil and gas producer Southwestern Energy Co said it would acquire certain oil and gas assets in Marcellus and Utica shale fields in West Virginia and southwest Pennsylvania from Chesapeake Energy Corp for about $5.37 billion. The acquired assets include 256 operated and producing wells and 179 non-operated wells. Average net daily production from...
Then there are the many geopolitical uncertainties, from conflicts in Syria and Iraq and uncertainty over the impact of the outbreak of the Ebola virus. "The sailing has been much too smooth, so going forward, at the very least, back to normal turbulence," said Erik Davidson, deputy chief investment officer of Wells Fargo Private Bank. "We had some positive economic...
Sept 25- For nearly a quarter-century, traders around the world have looked to a spot in Louisiana for the best price of U.S. natural gas.
Take a look at some of Wednesday's midday movers.
PARIS, Sept 23- French oil major Total has agreed to sell its 25 percent stake in Cardinal Gas Services, a gas transport company operating in Ohio's Utica shale gas basin, to a group of Korean companies for up to $450 million.
Citigroup, Credit Suisse and RBC Capital Markets are the underwriters for the IPO, the Texas- based company said in a filing to the U.S. Securities and Exchange Commission. Energy& Exploration set a nominal fundraising target of about $400 million.
Shares of Nabors Industries dipped 2.4 percent and shares of Chesapeake Energy fell 2.1 percent. "If you look at the price action it the energy/commodity space, the market seems to be tracking that pretty closely," said Art Hogan, chief market strategist at Wunderlich Securities in New York.
Sept 9- Natural gas and oil producer Chesapeake Energy Corp must face trial on charges of felony racketeering and using false pretenses related to its land-leasing practices, a state judge has ruled.
Newfield Exploration is the S&P 500' s biggest decliner, off 6 percent at $39.45, with Chesapeake Energy down 3.2 percent at $25.32. The Nasdaq's losses are limited as tech shares continue to outperform; Yahoo Inc is up 4.1 percent at $41.22.
HOUSTON, Sept 8- In June 2013, activist investors got the board of SandRidge Energy Inc to fire its CEO Tom Ward, arguing that he had mismanaged the Oklahoma City company and destroyed billions in shareholder value.