The "Fast Money" traders share their final trades of the day.» Read More
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.
LONDON, Aug 19- Cheap natural gas is starting to revolutionise traffic on U.S. roads, cutting bills for some of the country's heaviest fuel users while reducing carbon emissions and other pollution.
Aug 6- Chesapeake Energy Corp on Wednesday reported a lower-than-expected quarterly profit on higher costs, but the second-largest U.S. producer of natural gas said it expected increased year-end output as more wells are connected to pipelines.
Aug 6- Chesapeake Energy Corp, the second-largest U.S. producer of natural gas, on Wednesday reported a lower-than-expected quarterly profit, hurt by a loss on the repurchase of debt and lower prices for natural gas liquids.
Aug 6- Chesapeake Energy Corp, the second-largest U.S. producer of natural gas, on Wednesday reported a lower quarterly profit, citing a loss on the repurchase of debt and lower prices. The Oklahoma City company reported a second-quarter profit of $145 million, or 22 cents per share, compared with $467 million, or 66 cents a share, a year earlier.
Some of Tuesday's midday movers:
July 29- Chesapeake Energy Corp said it would spend $1.26 billion to buy back all of the outstanding preferred shares issued by its CHK Utica unit to simplify its balance sheet and eliminate about $75 million in annual dividend payments.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
July 10- A judge in Michigan has ruled that Oklahoma-based Chesapeake Energy Corp must face a criminal trial on a charge of bid-rigging with competitor Encana Corp at a 2010 state land lease auction, citing evidence of a conspiracy between the companies that drove state lease prices down sharply.
Some of the names on the move ahead of the open.
NEW YORK, July 9- Four years into the shale revolution, the U.S. is on track to pass Russia and Saudi Arabia as the world's largest producer of crude oil, most analysts agree. "The key issue is not whether production grows, it's by how much," said Ed Morse, global head of commodities research at Citigroup in New York.
The Commerce Department's decision to allow unrefined U.S. oil exports creates clear winner and losers.
HOUSTON, June 20- The prospect of cheap natural gas prices fueling an industrial renaissance in the United States is at odds with the needs of gas producers, an energy economist said this week. But continued growth is unlikely unless current prices rise substantially, said Gurcan Gulen, senior energy economist at the Center for Energy Economics in Houston.
Demand is up for sand used in fracking, which blasts it into wells to crack rock and release oil and natural gas.
Emerge Energy Services LP, a master limited partnership that produces sand for use in hydraulic fracturing, began trading a little more than one year ago at $17 per unit. Shares of two other sand miners, U.S. Silica Holdings Inc and Hi Crush Partners LP, have more than doubled in the past year.
Cool Planet Energy Systems doesn't plan to reduce climate change, but reverse it, using a virtuous corn cycle: from farm to fuel to farm.