Chesapeake Energy Corp.’s shareholders gave a modest thumb’s up Tuesday to the news that Carl Icahn is now the company’s third largest shareholder, and another large shareholder group urged a board shake-up to extract value.
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Articles from Avail
Forecasted Warm-Up Could Stop Bulls Short of $5
November natural gas futures traders on Monday continued to knock on the $5 resistance door to no avail as the contract reached a high of $4.972 in afternoon trade before closing out the regular session at $4.880, up 11 cents from Friday’s finish.
October 13, 2009
Futures Break $8 as Significant Storage Draw Expected
After banging on the psychological $8 resistance price level over the previous five sessions to no avail, the sixth attempt proved to be the charm as February natural gas futures punched upward to a $8.180 high before closing Wednesday’s regular session at $8.099, good for a 13.2-cent gain on the day.
January 10, 2008
Futures Rattle $8 Again But Ultimately Retreat
June natural gas futures assaulted the psychological $8 resistance level to no avail for a second consecutive session Friday as market bulls were looking to finally put the $7 to $8 range that futures have recently been stuck in firmly in the rear-view mirror. After recording an $8.100 high on the day, the prompt month retreated lower to record a $7.850 low before settling at $7.938, down almost a penny from Thursday’s close and 10.7 cents higher than the previous week’s finish.
May 7, 2007
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