Fly News Breaks for August 8, 2019
Aug 8, 2019 | 07:56 EDT
Raymond James analyst John Freeman downgraded Chesapeake Energy to Market Perform from Outperform saying the company's outspend gap is wider than he expected. In a research note to investors, Freeman says that while Chesapeake has made a lot of progress pivoting to oilier assets, the preliminary 2020 outlook discussed by management suggests that the cash flow outspend gap remains much wider than he had previously anticipated. The analyst believes more pressure is placed on executing non-core asset sales to shore up the balance sheet, given capital requirements over the next several years.
News For CHK From the Last 2 Days
Sep 16, 2019 | 09:40 EDT
Unusual total active option classes on open include: BP (BP), Royal Dutch Shell (RDS/A), Direxion Oil & Gas 3x Bull ETF (GUSH), Marathon Oil (MRO), SPDR S&P Oil and Gas Exploration and Production (XOP), Chesapeake (CHK), United States Oil Fund (USO), Valero (VLO), Halliburton (HAL), and Occidental Petroleum (OXY).