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Natural Gas Prices Up 5% on Production Report

NEW YORK — The price of natural gas jumped by nearly 5 percent Monday after government data showed that producers are making good on promises to cut supplies. Chesapeake Energy Corp., ConocoPhillips and Encana Corp. have each said that they would take some natural gas operations offline this year. They were forced to, in part, [...]
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Chesapeake Energy Boosts 2008, 2009 Production Forecasts on New Discoveries

Business & Finance / Investing : The Peridot Capitalist (6 years ago)

Following up my March 12th post on natural gas producer Chesapeake Energy (CHK) (More on Chesapeake Energy), on Monday the company announced major new discoveries and boosted its production growth forecast for the next two years.Tha... Read Post

Gas, Real Estate, and GDP Shrinkage

Business & Finance : Infecticious Greed (6 years ago)

Some useful gas/housing GDP sensitivity analysis from a new Milken report: - Each 10 percent decline in housing sales correlates in an 0.8 percent decline in real GDP. - Each $10 increase in oil price reduces real GDP by 0.2... Read Post

EnCana to Split in Two

Business & Finance : DealBook (6 years ago)

EnCana, Canada’s biggest energy company, said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices at record highs. EnCana, a $65 billion gas and oil sands p... Read Post

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