Editor’s Note: Related tickers: SandRidge Energy Inc. (NYSE:SD), Chesapeake Energy Corporation (NYSE:CHK), Exxon Mobil Corporation (NYSE:XOM)
Chesapeake Energy and its former CEO suggest huge Utica potential (MarketRealist)
The Utica Shale is an emerging play located primarily in eastern Ohio and western Pennsylvania. The play gained publicity in late 2011, as Chesapeake Energy Corporation (NYSE:CHK) revealed that it had been purchasing acreage rights in the area. Aubrey McClendon was the former CEO of Chesapeake, but he recently left the company because investors were unhappy with his management. Since his departure, the former CHK head has lined up ~$1.2 billion in financing for investment in Ohio, according to an article in the Wall Street Journal.
Exxon Mobil Corp.’s Buy Rating Reaffirmed at TheStreet (XOM) (UtahPeoplesPost)
Exxon Mobil Corporation (NYSE:XOM)‘s stock had its “buy” rating reaffirmed by investment analysts at TheStreet in a note issued to investors on Tuesday, Stock Ratings Network reports. The analysts wrote, “Exxon Mobil Corporation (XOM) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Stocks Alert: SandRidge Energy Inc. (NYSE:SD), Alcoa Inc. (NYSE:AA), Huntington Bancshares Incorporated (NASDAQ:HBAN), Cliffs Natural Resources Inc (NYSE:CLF) (TechSonian)
Value Penny Stocks issues a special report on SandRidge Energy Inc. (NYSE:SD)… SandRidge Energy Inc. (NYSE:SD) moved up 1.94% to $5.26 on a traded volume of 1.75 million shares. SandRidge Energy Inc. (NYSE:SD) named its president and CEO, James Bennett, to its board, effective immediately.
Chesapeake marketing Nichols Hills Plaza, Classen Curve (BusinessWeek)
Chesapeake Energy Corporation (NYSE:CHK)’s effort to sell off assets is hitting closer to home. In its Mid-Year Retail Market Summary, Price Edwards & Co. said “Chesapeake is marketing Nichols Hills Plaza for sale, perhaps to be closed by year-end. Classen Curve will most likely follow.” Price Edwards declined further comment. In a regulatory filing earlier this month, Chesapeake did not name Nichols Hills Plaza or Classen Curve, but said the company has “determined we would sell certain of our buildings (other than our core campus) in the Oklahoma City area.
Should Exxon Mobil Still Be Part of Your Retirement Plan? (InvestorPlace)
Retirement planning involves active management of our portfolios, and that includes the occasional stock reallocation. Sometimes, you have to see whether an older holding is worth continued investment, or if you’d be better off putting the money to new uses. I’m at such a crossroads right now, sitting on a modest investment in Exxon Mobil Corporation (NYSE:XOM) accumulated through a dividend reinvestment plan for more than 30 years.
Investors Buy High Volume of Chesapeake Energy Corp. Put Options (CHK) (Zolmax)
Chesapeake Energy Corporation (NYSE:CHK) saw some unusual options trading on Monday. Traders bought 36,113 put options on the stock, Stock Ratings Network.com reports. This is an increase of approximately 126% compared to the typical daily volume of 15,976 put options. In other Chesapeake Energy Corporation (NYSE:CHK) news, EVP Douglas J. Jacobson sold 12,500 shares of the stock on the open market in a transaction dated Friday, August 23rd. The stock was sold at an average price of $26.00, for a total transaction of $325,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Exxon Mobil Agrees to $2.4M in Fines, Improvements (ClaimsJournal)
Louisiana’s Department of Environmental Quality says Exxon Mobil Corporation (NYSE:XOM) has agreed to pay nearly $2.4 million in fines, improvements and other payments to settle violations at Baton Rouge-area plants. About $2.3 million will resolve violations from 2008 into this year at four plants, including the company’s Baton Rouge refinery, Agency spokeswoman Jean Kelly said in a news release Friday. Another $62,000 is for a release of naphtha in June 2012 at the Baton Rouge Complex, she said.
