The costly and complex decision to shift from being one of the biggest natural gas producers to becoming one of the largest liquids operators showed some positives for Chesapeake Energy Corp. in the first three months of this year, which also gained on improving natural gas prices.
Positives
Articles from Positives
Nevada PUC Finds Positives in Court Ruling on Enron Contracts
While its private sector electric utilities squirmed and made contingency plans for a possible Chapter 11 bankruptcy filing, Nevada’s energy regulators put a positive spin on an adverse Enron Corp. court ruling that went against the state’s two electric utilities late last month. When the three-member Nevada Public Utilities Commission met last Wednesday the court decision wasn’t mentioned.
Southern Union Finds Positives in S&P Downgrade
Thomas F. Karam, president of Southern Union, said the downgrade of the company’s corporate credit rating from BBB+ to BBB by Standard & Poor’s was expected, and the action was accompanied by some other positive findings. For example, S&P removed Southern Union’s rating outlook from “CreditWatch” and assigned the company a stable rating.
Issuing Equity May Offer Positives for Debt-Laden Energy Merchants
Debt-laden and cash-poor energy merchants with few prized assets left to sell should consider selling stock — if they have access to the capital markets. The equity sales would only have a “neutral to mildly negative” effect for many companies, according to a new study.
Issuing Equity May Offer Positives for Debt-Laden Energy Merchants
Debt-laden and cash-poor energy merchants with few prized assets left to sell should consider selling stock — if they have access to the capital markets. The equity sales would only have a “neutral to mildly negative” effect for many companies, according to a new study.
Analysts See Positives for Energy Amid Market Turmoil
As investors are being blitzed with reports of bleak economic news and widespread stock sell-offs on Wall Street, Raymond James & Associates Thursday offered an encouraging word to energy companies: energy stocks are “at or very near the bottom point.”
AGA Sees Adequate Supply, Lower Demand, Higher Prices
The American Gas Association (AGA) sees nothing but positives in the current gas supply situation despite the fact that inadequate supply in the face of strong demand growth has been behind the recent record increase in prices and expectations of more than $4 gas price averages this year. It’s confidence in the long-term growth of demand has been shaken somewhat, however, and its prior price forecasts appear to have been more than a little on the low side.
AGA Sees Adequate Supply Fundamentals Going Forward
The American Gas Association sees nothing but positives in the current gas supply situation despite the fact that inadequate supply in the face of strong demand growth has been behind the recent record increase in prices and expectations of more than $4 gas price averages this year.