Chesapeake Energy Issues Going Concern Notice On Low Oil and Natural Gas Prices

Chesapeake Energy reported worse than expected earnings before the market opened Tuesday and also issued a going concern notice warning of failure if low energy proces persist. The stock hit the lowest prices since Feb 4, 1999, over 20 years, to 79c the next day.

Chesapeake Energy Hits 20 Year Lows on Debt Load and Natural Gas Concerns

Chesapeake Energy reported better than expected earnings before the market opened Tuesday initially seeing $CHK pop 6% but it quickly reversed to be down 11% near 20 year lows on worries about debt and collapsed natural gas prices.  

Parsley Energy Earnings Slow, Reduces Rig and Frac Counts

Permian operator Parsley Energy $PE reported worse than expected fourth quarter earnings Thursday after the close. $PE said with recent commodity price trends it has reduced  rig and frac spread counts and intends to reduce its 2019 capital leasing and acquisition spend.

Encana $ECA Natural Gas Liquids Production Plan Ahead of Schedule

Canadian energy firm Encana $ECA is ramping up it’s new Tower processing plant, part of their condensate-focused growth plan, opened ahead of schedule and under budget  The plant is the first of three Veresen Midstream facilities in the Montney.