Chesapeake Energy (CHK) to Exit Barnett Shale

UBS Raises Price Target on Chesapeake Energy (CHK) to $4.25; Reiterates Sell

UBS maintained a Sell rating on Chesapeake Energy (NYSE: CHK), and raised the price target to $4.25 (from $4.00), following the company's 2Q earnings report. CHK adjusted its 2016 production guidance from 625-650 MBoed to 611-638 MBoed and provided initial 2017 volume guidance of 532-562 MBoed.

Analyst... More

KLR Group Reiterates Buy on Chesapeake Energy (CHK) - PT to $9

KLR Group reiterated a Buy rating on Chesapeake Energy (NYSE: CHK), and raised the price target to $9.00 (from $8.00). The change is due to the value accretive Barnett asset transfer and termination of associated midstream contracts.

Analyst John Gerdes commented, "We are... More

Williams Partners (WPZ) Enters Conditional Commitment in Barnett Shale; Affirms Chesapeake (CHK) Agreement Terminations

Williams Partners L.P. (NYSE: WPZ) announced it has conditionally committed to execute a new gas gathering agreement with a new producer customer, a private company successor to Chesapeake Energy (NYSE: CHK), in the Barnett Shale. Williams Partners agreements with Chesapeake, including Chesapeakes Minimum Volume Commitment (MVC) obligations in the Barnett Shale, will be terminated at closing. Among other conditions, the commitment is subject to the closing of the sale of Chesapeakes Barnett assets to the producer customer, which is subject to certain significant closing conditions including the... More

Chesapeake Energy (CHK) Shares Pop Higher on Barnett Shale Exit, Updated Outlook

Chesapeake Energy (NYSE: CHK) shares are up over 5 percent in late trading following news of plans to exit the Barnett Shale, termination of Williams Partners contract, and other matters, including guidance.