Colder-than-normal weather, coupled with a decline in production, is finally giving natural gas investors something to cheer about.
Resource prices found their footing on more signs of recovery in the US — while another big pipeline deal grabbed attention in the oil and gas sector.
Methanex Corporation (TSX:MX, NASDAQ:MEOH) and Chesapeake Energy Corporation (NYSE:CHK) have entered into a 10-year agreement to supply natural gas to Methanex’s one million tonne per year methanol plant in Louisiana.
US copper giant Freeport-McMoRan has taken a page out of BHP Billiton’s playbook by announcing today plans to buy two oil and gas producers for $9 billion.
Bloomberg reported that Chesapeake Energy Corp. (NYSE:CHK) announced a 91 percent rise in its quarterly profit.
CBS News reported that Chesapeake Energy Corp. (NYSE:CHK) has narrowed its 2012 first quarter loss.
Bloomberg reported that according to Chesapeake Energy Corp. (NYSE:CHK), U.S. natural-gas prices likely to rise once producers decrease drilling and weather normalizes.
Rigzone reported that Chesapeake Energy’s (NYSE:CHK) oilfield services has decided to go public for an initial public offering of up to $862.5 million in common stock.
NASDAQ reported that Chesapeake Energy Corp. (NYSE:CHK) updated on three oil and gas asset monetization transactions of almost $2.6 billion.
In this week’s column, Amine Bouchentouf examines the natural gas market, highlighting how low prices offer investors a prime investment opportunity.
Bloomberg reported that KKR & Co. (NYSE:KKR) and Chesapeake Energy Corp. (NYSE:CHK) in a $250 million joint partnership plans to buy mineral rights and royalties from oil and gas properties owners.
Seeking Alpha reported that oil stocks such as Chesapeake Energy (NYSE:CHK), El Paso Corp. (NYSE:EP), Cabot Oil and Gas (NYSE:COG), Whiting Petroleum (NYSE: WLL),and Forest Oil (NYSE:FST) may be good for a short-term purchase or for the purpose of hedging.