Natural Prices Rally Sharply on Increased Demand from Utilities - Chesapeake and SandRidge Surge on Strong Results
13.08.2012 | Marketwired
Five Star Equities Provides Stock Research on Chesapeake Energy and SandRidge EnergyNEW YORK, NY -- (Marketwire) -- 08/13/12 -- An abundance of available natural gas combined with muted domestic demand has sent prices for the fuel down to record lows this year, hitting a 10-year low in April. But the recent scorching summer weather has seen natural gas prices rally in recent months. The United States Natural Gas Fund, LP (UNG) is up over nearly 20 percent in the last three months. Five Star Equities examines the outlook for companies in the Natural Gas Industry and provides equity research on Chesapeake Energy Corp. (NYSE: CHK) and SandRidge Energy Inc. (NYSE: SD).
Access to the full company reports can be found at:
www.FiveStarEquities.com/CHK
www.FiveStarEquities.com/SD
The U.S. is set to have the hottest year on record. Natural gas prices have rallied sharply as utility companies have been using more natural gas to generate the electricity needed to power air conditioners across the U.S. Since reaching a decade low in April prices have soared 62 percent, largely in part of the hot summer weather.
Prices also received a boost last Thursday after the Energy Information Administration reported that natural gas supplies increased by 24 billion cubic feet. According to analysts' surveyed by Platts supplies were expected to rise between 27 million bcf and 31 million bcf.
Five Star Equities releases regular market updates on the Natural Gas Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Chesapeake Energy shares rallied nearly 10 percent last Tuesday after the company announced impressive second quarter results. For the second quarter of 2012 the company reported net income increased 91 percent to $972 million, from the $510 million in second quarter 2011. Chesapeake plans to increase 2012 production by 18 percent from 2011.
SandRidge's drilling activities are focused on its oil properties in the Mid-Continent and Permian Basin. The company recently reported that their Mississippian production averaged 25.2 MBoe per day in the second quarter 2012, a 31 percent increase from the previous quarter. SandRidge had record oil and total production of 4.6 MMBbls and 8.2 MMBoe in the second quarter.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.FiveStarEquities.com/disclaimer
Contact:
Five Star Equities
Email Contact
