Take a look at some of Thursday's midday movers:» Read More
*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.
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...
It's been a whipsaw day on Wall Street with traders trying to buy market bottoms.
Stocks failed to hold gains after a strong rally, as oil's late-day plunge overshadowed the bounce in tech, transports and industrials.
Take a look at some of Friday's midday movers.
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.
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.
The "Fast Money" traders share their final trades of the day.
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.
U.S. stock index futures traded down on Wednesday, as European shares fell sharply on rising concerns about Russia and Ukraine.
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.