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Chesapeake accused of not paying for gas it produced from invalid leases

2014-11-20 16:07:27| Oil & Gas - Topix.net

Chesapeake Energy is facing a possible class-action lawsuit, which claims it has cheated North Texas landowners of at least $100 million by pumping gas from properties that had gone through foreclosure, invalidating the oil and gas leases. Chesapeake continued to tap reserves beneath the various properties in Johnson and Tarrant counties even after the Oklahoma City-based energy giant discovered it had troubled leases following the economic downturn in 2008, choosing instead to "ignore the problem," the lawsuit asserts.

Tags: produced gas paying invalid

 

Chesapeake upgraded to Outperform from Market Perform at Bernstein

2014-11-18 05:33:28| Paper - Topix.net

On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Antero Resources upgraded to Overweight from Equalweight at Capital One... CA Technologies upgraded at Evercore ISI... CGG SA upgraded to Hold from Sell at Canaccord... Cavium upgraded to Strong Buy from Outperform at Raymond James... Charter upgraded to Outperform from Market Perform at Raymond James... Chesapeake upgraded to Overweight from Equal Weight at Johnson Rice... Container Store upgraded at BofA/Merrill... Delhaize upgraded to Neutral from Underperform at BofA/Merrill... Devon Energy upgraded to Accumulate from Hold at Tudor Pickering... Dynegy upgraded to Accumulate from Hold at Tudor Pickering... EOG Resources upgraded to Buy from Accumulate at Tudor Pickering... Envestnet upgraded at Raymond James... GNC Holdings upgraded to Buy from Neutral at Goldman... Hospira upgraded at Raymond James... Kinross ... (more)

Tags: market perform upgraded chesapeake

 
 

Insider Trading Recap for AK Steel, Pfizer, Chesapeake Energy, Plug...

2014-11-11 22:57:25| Steel - Topix.net

Pennystocksinsiders.com released FREE insider trading reports for US market investors to track the following active stocks and penny stocks : AK Steel , Pfizer , Chesapeake Energy , Plug Power , Twitter , and RF Micro Devices . AK Steel Holding Corporation : By the end of last trading, the AK Steel shares earned US$0.01 to US$6.63 with about 14.13 million shares exchanging hands for the session, compared to its average volume of 16.75 million shares.

Tags: energy trading steel plug

 

US indexes rise in early trading; Devon Energy, Chesapeake among early gainers

2014-11-05 17:18:07| Oil & Gas - Topix.net

Devon Energy rose 7 per cent and Chesapeake Energy jumped 6 per cent shortly after the opening bell Wednesday. Both reported earnings that were better than Wall Street analysts were expecting.

Tags: early energy rise trading

 

Chesapeake Energy quarterly profit and output rise

2014-11-05 14:48:14| Energy - Topix.net

Profit rose to $169 million, or 26 cents per share, from $156 million, or 24 cents a share, a year earlier. Excluding one-time items that included costs to redeem preferred shares, Chesapeake had a profit of 38 cents per share.

Tags: energy output rise profit

 

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