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shaking the tree? today's extra 1/2B is good news.
Chesapeake Energy: Pulling Out of Its Death Spiral?
By Ben Levisohn
CapitalOne Securities analyst Phillips Johnston explains that Chesapeake Energy (CHK) “seems to be pulling out of its death spiral” as he raises his rating on the stock to Equalweight from Underweight:
Matt Nager/Bloomberg News
Upgrading Chesapeake to Equalweight from Underweight given a significantly improved financial outlook following the recent steps it has taken to rehabilitate its balance sheet & liquidity and to eliminate its vast midstream liabilities. These steps, combined w/ improved capital efficiency and a less bleak outlook for ’17 than originally envisioned, leave key debt and valuation metrics less dire than we previously modeled and significantly improve chances that Chesapeake will survive the downturn.
Make no mistake, Chesapeake is by no means out of the woods and many challenges lie ahead, especially regarding looming debt maturities in the next several years. The company’s remaining asset portfolio is diverse but arguably below average from a quality standpoint, and we think a further improvement in commodity prices will be required for Chesapeake to sustainably grow production within cash flow. However, the company seems to be pulling out of its death spiral, the incremental outlook has been improving, and we are hard pressed to identify new potential bear concerns that will drive meaningful underperformance going forward, outside of a deteriorating commodity price environment (which we don’t expect).
Capital One upgrades CHK to equal weight vs. underweight. Moody's upgrades to positive, Thompsons upgrades also.
CHK could see some upgrades, imo
No, I hope not. Could beat and may have news on asset sales. Will find out in the morning.
I agree and $6 will be easy if we have decent results and oil and ng trades a few more days like today. GL
All I can find it "before market opens".
Good luck for a great earnings report to me and everyone that held there shares.
That's a creative way to eliminate debt.
Gl
Great find. PPA with GOOGLE!July 27 (SeeNews) - Scottish renewables consultancy Natural Power has completed an independent energy yield assessment (EYA) for financing purposes on behalf of a SunEdison (OTCMKTS:SUNEQ) unit for the 160-MW Tellenes wind project in Norway.
The company explained that the goal of a finance grade independent energy yield assessment is to predict a wind farm’s long-term wind resource and average energy production over its lifetime and to quantify the associated risks. It is used by lenders or financial services providers interested in the project.
“Energy yield estimates are the cornerstone of wind power financial models and the accuracy of these is therefore imperative,” said Lauren Wheatley, Natural Power’s Director of Technical.
SunEdison Norway Holdings BV will build the particular wind park near Sogndalis. The plant will consist of 50 pieces of Siemens SWT 3.2-113 turbines. The SunEdison unit has already signed a 12-year power purchase agreement (PPA) for the project with Google (NASDAQ:GOOGL).
Hiccup and up
CHK analyst, Johnson Rice raised its rating to accumulate today. This was the second buy rating recently as Tudor Pickering upgraded Chk to buy on 7/21/16 with an $8 target price. There has been insider buying recently. Chk may show improved earnings due to cost savings. There is a heat wave and perception more electricity with be used. There may be more reasons for rise in sp.
CHK-Baxter connection mentioned on smart money.
It is a heat wave.. Trading above hod ah. More good volume. Nice trend starting. Trading this good on lower oil, makes you think it would be much higher if oil and ng were up. Oil may have bottomed today. Gl
Upon the announcement of one of several potential catalysts including release of financials, shareholder committee approval, sale of assets, joint venture...
Easy double or triple coming soon, IMO.
You got that right! There is no doubt and no way to spin the fact that the asset value of $SUNEQ goes up when the share price of $TERP and $GLBL goes up. Monday and next week, the yieldco prices should continue higher. This is a positive for sunedison. They should get a fair price for the yieldcos, sell stake in both and use joint venture capital to fund new and existing projects.
WOOHOO! GO CHK
when are we expecting to hear if the committee is approved, anyone?
Good luck. I held. Acts like it's ready to run.
Oiil should open higher tomorrow as Asia and Europe react to US inventory data. Happened last run. $CHK may break above $5 tomorrow. Looking great.
Nice day. Insider buying trumps oil?
Will Suneq move to OTC once they become current with financials?
No, the rise in suneq's asset value is a reflection of the increase in share price and its position in the yieldcos.
Yep, may be higher tomorrow. Oil is up already. May go lower Friday evening if rig count is up.
upgrade and oil up over 4%. Nice
suneq needs to become current with financials
Yieldcos share sell should be worth quite a bit. Any ideas how much?
2.61 now!!! Good point, huge move up in natgas.
Natgas was under $2.00 not long ago. Oil is moving back up. May close green.
The approval of oec would be hugh for longs. There are other catalysts: releasing 10k, getting current with financials, getting relisted with OTC, JV with Indian firm, sell of certain assets release of DIP funds, favorable investigation....
NG= $2.12.
How does suneq's situation compare to btuuq's situation? Btuuq filed ch. 11 a week or so earlier and bounced back to around 1.70 and is holding.
lots of volume today.
Desperate shorts going into panic mode. BAYP is developing business on several fronts and could possibly wind up being the turnaround stock of the year. GO BAYP!
yes, current, very good...thank you.