Chesapeake Energy (CHK) and Southwestern Energy (SWN) have announced a delay in the completion of their $7.4 billion merger, with the new closing date set for the second half of 2024.Initially, Chesapeake aimed to finalize the acquisition of its smaller rival by the second quarter of 2024. This postponement comes after the Federal Trade Commission (“FTC”) issued a second request for additional information, signifying a deeper review process of the merger.The FTC's request is part of a broader trend of incre ...

The U.S. Energy Department's weekly inventory release showed that natural gas supplies decreased less than expected. The bearish inventory numbers notwithstanding, futures settled with a slight gain week over week on signs of production pullback.Despite this spike, the market hasn't been kind to natural gas, with the commodity recently hitting nearly four-year lows due to worries about record output and concerns about a growing glut. At this time, we advise investors to focus on stocks like Coterra Energy ( ...

Crude oil prices have been on fire this year with OPEC’s production cuts and the anticipation of interest rate pullbacks. Amidst the bullishness, though, it’s important to be circumspect, which should have investors considering energy stocks to sell in April.Building a balanced and diversified portfolio is imperative in capitalizing on the market’s current momentum. Also, with rate cuts imminent, it is imperative to take advantage of a market environment that is ripe with both opportunities and challenges. ...

The U.S. Energy Department's weekly inventory release showed that natural gas supplies decreased more than expected. The positive inventory numbers, together with signs of production pullback, buoyed natural gas futures, which settled with a healthy gain week over week.Despite this spike, the market hasn't been kind to natural gas, with the commodity recently hitting nearly four-year lows due to worries about record output and concerns about a growing glut. At this time, we advise investors to focus on stoc ...

The U.S. energy market is undergoing a seismic shift characterized by a flurry of multibillion-dollar mergers among major oil companies. This wave of consolidation is reshaping the industry, with significant implications for production capacities, competitiveness and the future landscape of energy markets. Let's delve into some of the notable mergers and acquisitions that are making waves in the energy sector.Megamergers Shaping the IndustryExxon Mobil Corporation's (XOM) $59.5 billion acquisition of Pionee ...

The U.S. Energy Department's weekly inventory release showed that natural gas supplies decreased more than expected. The positive inventory numbers notwithstanding, futures settled with another loss week over week — sixth in the last seven — overwhelmed by excessive supply and insipid weather-related demand.In fact, the market hasn't been kind to natural gas, with the commodity recently hitting fresh three-and-a-half-year lows due to worries about record output and concerns about a growing glut. At this tim ...

Key PointsHigher oil prices have started a ripple effect on the entire market; the macro picture looks like $100 a barrel could be here.Knowing how to peak the right oil stocks can help you ride this wave; three stand out in front of markets and analysts.With a mix of size and speculation, you are spoiled for choice in how you'd like to play this watchlist portfolio.5 stocks we like better than NVIDIAOil is – and has always been – the primary driver in energy stocks. When prices swing as aggressively as the ...

The U.S. Energy Department's weekly inventory release showed that natural gas supplies decreased largely as expected. The neutral inventory numbers notwithstanding, futures settled with a loss week over week, overwhelmed by excessive supply and insipid weather-related demand.In fact, the market hasn't been kind to natural gas, with the commodity recently hitting fresh three-and-a-half-year lows due to worries about record output and concerns about a growing glut. At this time, we advise investors to focus o ...

The U.S. Energy Department's weekly inventory release showed a higher-than-expected decrease in natural gas supplies. The bullish inventory numbers, together with signs of production pullback, buoyed natural gas futures, which settled with a healthy gain week over week.Despite this spike, the market hasn't been kind to natural gas, with the commodity recently hitting fresh three-and-a-half-year lows due to growing worries about record output and concerns about an ongoing supply glut. At this time, we advise ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Nexa Resources S.A. (NEXA) is a zinc mining and smelting company. The Zacks Consensus Estimate for its current year earnings has been revised 60% downward over the last 60 days.Chesapeake Energy Corporation (CHK) is an exploration and production company. The Zacks Consensus Estimate for its current year earnings has been revised 46.6% downward over the last 60 days.EOG Resources, Inc. (EOG) is an oil and gas exploration and production ...