Everyday

Chesapeake Energy Corp.’s shares took another tumble Wednesday after the company cut its cash flow outlook for the next two years on falling natural gas prices.

It’s not everyday that someone suggests adding Peruvian LNG to your gas supply portfolio, but that’s what Dallas-based Hunt Oil may soon be recommending to some West Coast buyers. By 2009, the company and its partners, Spain’s Repsol and Korea’s SK Corp., hope to be bringing 4.4 million metric tons of LNG per year to the U.S. and Mexican west coasts from a liquefaction plant in Pampa Melchorita, Peru.

With bankruptcy and California’s continuing market machinations an everyday preoccupation, PG&E Corp. seemed to take in stride the nation’s slowing economy and the growing industry concerns centered on Enron Corp.’s apparent implosion. The company’s senior officials said in their third-quarter earnings conference call with financial analysts last week that they see a dampening of demand, increased debt costs for nonutility operations and less opportunities to make big increases in energy trading.