Chesapeake Energy (CHK) Stock: Headed For The Top On Oil News

Chesapeake Energy Corporation CHK Stock NewsChesapeake Energy Corporation (NYSE: CHK) is having an incredibly strong day in the market today, and for good reason. While the company has not released any news that is specific to itself, there’s a good reason for the gains. At the end of the day, CHK is in the oil and energy industry, and oil prices are climbing. Of course, this means that the company will likely enjoy stronger revenue and earnings, leading to excitement among investors. Today, we’ll talk about:

  • What’s going on in the oil and energy industry;
  • what we’re seeing from CHK as a result; and
  • what we’ll be watching for ahead.

CHK Flies As Oil Gains

As mentioned above, Chesapeake Energy Corporation is having an overwhelmingly strong day in the market today as market concerns surrounding the supply of oil hit home. Recently, we’ve seen a lot of news surrounding the Trump Administration and their sanctions on Iran surrounding missed deadlines under the nuclear weapons agreement put in place by the Obama Administration. Interestingly, Iran is the third largest producer of oil in the world’s largest oil cartel, OPEC. So, where does CHK land in all of this?

CHK is a company that is focused in the center of the oil and energy industry. As oil prices climb, the company gains the ability to generate more revenue and stronger earnings through operations. At the end of the day, investors are ultimately investing for growth. With the fact that oil is flying at over $80 per barrel for the first time since the supply glut first reared its ugly head, investors see a strong growth opportunity and seem to be acting on it.




What We’re Seeing From The Stock 

One of the first lessons that we learn when we start to dabble in the market is that the news causes moves. In this particular case, Chesapeake Energy didn’t release any news of their own, but they didn’t need to in order to see growth. With the news that the price of oil is climbing dramatically, it only makes sense that excited investors are sending the stock screaming for the top. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:53), CHK is trading at $4.18 per share after a gain of $0.25 per share (6.36%) thus far today.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on CHK as well as the rest of the oil and energy sector. In particular, we’re interested in seeing how these companies take advantage of the rise in oil prices. We’ll also be following the news surrounding sanctions on Iran and the rest of the oil and energy industry. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

Never Miss The News Again

Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!

Subscribe Today!
* indicates required


Add Comment