I'm more interested right now in nat gas," commodities trader Mark Fisher says.» Read More
SAYRE, Pa., Aug 28- As the natural gas industry struggles to cope with depressed prices, Chesapeake Energy Corp has begun shifting a much larger share of transportation and marketing costs to the owners of Pennsylvania land it leases. The deductions, set entirely at the discretion of the company, are permitted under most Pennsylvania drilling leases.
*Drug firm Perrigo to buy Elan; Publicis, Omnicom in merger. Shares of Southwestern Energy slid 3 percent to $38.14 and shares of Noble Energy fell 2.1 percent to $62.07 following as a decline in natural gas prices.
Exploration and production companies are under pressure to reduce the amount of freshwater used in dry areas like Texas and to cut the high costs of hauling millions of barrels of water to oil and gas wells and later to underground disposal wells.
"In a world that needs to clean up emissions but where renewables are unrealistic, natural gas is an obvious bridge fuel," said Stephen Simko, an energy analyst at the independent Chicago research firm Morningstar. Ultra Petroleum Corp is worth $40 a share, Simko said, nearly double Monday's closing price of $20.30.
For the second session in a row, the bulls targeted Southwestern Energy yesterday.
If you missed the rally don't just stand there kicking yourself. The pros say it's not too late.
The "Fast Money" traders share their final trades of the day.
The “Fast Money” traders share their final trades of the day.
*Credit Suisse raises Range Resources Corp price target to $82 from. *Credit Suisse raises Anadarko Petroleum Corp price target to $99 from. *Credit Suisse raises Devon Energy Corp price target to $78 from $74.
*Credit Suisse raises Plains Exploration& Production Co. *Credit Suisse raises Range Resources Corp price target to $82. *Credit Suisse raises Anadarko Petroleum Corp price target to $99.
LITTLE ROCK, Ark.-- A group of residents in Independence and Faulkner counties are suing three natural gas drilling companies, claiming that waste fluids are improperly being pumped underneath land the companies don't own or lease. Houston- based Southwestern Energy Co. was the only company named in the original version of the suit, which was filed in August.
Houston- based Southwestern Energy Co. was the only company named in the original version of the suit, which was filed in August. Southwestern Energy filed a motion to dismiss the original suit, arguing the plaintiffs didn't show they had a claim.
*Barclays raises Anadarko Petroleum Corp price target to $85 from $84;. rating overweight* Barclays cuts Apache Corp price target to $116 from $117; rating overweight. *Barclays raises Devon Energy Corp price target to $67 from $66;.
*FBR raises Comstock Resources price target to $26 from $15. *FBR raises Devon Energy Corp price target to $80 from $70. *FBR raises Cimarex Energy Co price target to $72 from $57.
Discussing the state of the commodity and housing markets, with Eric Mintz, Eagle Asset Management.
The Fast Money traders with the play on coal stocks getting burned today, and how to trade the higher price in crude oil. Also, Steven Mueller, Southwestern Energy CEO, discusses why natural gas is good for the economy & consumers, and the viability of nat gas powered vehicles.