ADVFN - Advanced Financial Network.
HOME» NYSE » C » CHK Stock Price » CHK Stock News

Chesapeake Share News

 Chesapeake Energy Corp. Stock Price
CHK Stock Price
 Chesapeake Energy Corp. Stock Chart
CHK Stock Chart
 Chesapeake Energy Corp. Stock News
CHK Stock News
 Chesapeake Energy Corp. Company Information
CHK Company Information
 Chesapeake Energy Corp. Stock Trades
CHK Stock Trades

Encana Shares Drop on Report of Collusion with Chesapeake

By Edward Welsch Encana Corp. (ECA) shares slid more than 5% Monday following a report alleging the Canadian company colluded with a rival to lower the price of U.S. shale-gas lands up for auction. Shares of the Calgary-based natural-gas producer, the second largest in North America after Exxon Mobil Corp. (XOM), dropped as low as 5.4% on the New York Stock Exchange after Reuters reported that, in email exchanges, executives at Encana and rival Chesapeake Energy Corp. (CHK) discussed ways to avoid competing against each other for shale-gas land in Michigan. The report alleged that Encana and Chesapeake agreed to split up shale-gas lands between them before a public auction to avoid creating a bidding war that would drive up the price. If the allegations are true, the report suggested Encana and Chesapeake could be in violation of U.S. anti-trust laws. An Encana spokesman said the company is working on a response to the report and didn't have an immediate comment. The report comes at an inconvenient time for Encana, which is trying to rapidly expand its liquids-rich natural-gas production and offset the low price of natural gas by selling partnership stakes in its shale-gas plays. "To have one of the major plays that is in your [partnership] package to now be scrutinized, that obviously reduces the marketability of those assets," Morningstar analyst Robert Bellinski said. Encana shares were down 4.9% to $18.88 in recent trading. Shares of Chesapeake Energy, the third-largest natural gas producer in North America, fell 7.7% to $17.17. Write to Edward Welsch at edward.welsch@dowjones.com

Stock News for Chesapeake (CHK)
DateTimeHeadline
04/24/201517:35:21Chesapeake to Pay $25 Million to Settle Michigan Charges
04/24/201510:52:30Chesapeake Energy PT Lowered to $13.00 at Jefferies Group (CHK)
04/22/201503:34:40Chesapeake Energy Receives New Coverage from Analysts at Nomura...
04/19/201510:18:035 Megatrends in Energy
04/15/201515:05:15How to Make a Portfolio of Natural Gas Stocks
04/15/201514:30:02How to Make a Portfolio of Natural Gas Stocks
04/15/201510:57:49A New Twist For Aubrey McClendon
04/15/201503:16:22Aubrey McClendon's Financier Settles Lawsuit With Chesapeake...
04/14/201516:01:00Chesapeake Energy Corp. Announces Release Date & Conference Call...
04/13/201519:33:15Priced To Imperfection: Natural Gas Undervalued And Poised To...
04/12/201503:18:23Why Chesapeake Energy Is A Buy For The Long Term
04/10/201510:25:133 Reasons Why Chesapeake Energy Corporationâs Stock Plunged 1...
04/09/201519:21:20Study finds rising radon levels in Pennsylvania homes amid fracking...
04/07/201516:01:00Chesapeake Energy Corporation Appoints Kimberly K. Querrey to...
04/06/201506:04:01Insider Weekends - April 3, 2015
04/04/201509:00:02The Biggest Mergers and Acquisitions in Natural Gas Stocks
04/02/201509:34:30Chesapeake Energy Gets No Love, Except From An Insider
04/02/201502:40:47First Quarter Large Cap Winners And Losers
04/01/201514:58:21Earthquake Case Could Doom Fracking in Oklahoma
04/01/201509:10:34Chesapeake chairman buys 1M shares worth nearly $14M

Chesapeake Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad