Asset Sales

Chesapeake Energy Sheds Assets, Increases Production, Stock Price Falls

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Houston Rockets v Oklahoma City Thunder - Game Five

Chesapeake Energy, co-founded by flamboyant and freewheeling Aubrey McClendon, appears to be successfully restructuring in the wake of the former chairman and CEO’s departure. The company today announced positive Q3 earnings and analysts rewarded its upbeat outlook, but investors were less impressed, as share prices were down almost 7% by late afternoon.   “We upgrade… Keep reading →

 /  Published November 6, 2013 at 4:54 PM

Energy News Roundup: Fire Slashes Capacity of US’ Biggest Refinery

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An Oil Refinery Ablaze In Jiujiang

A fire at the Motiva refinery – the largest in the US – took more than half its capacity offline for at least two weeks. “The fires come on top of a nagging vibration problem with a key pipe in the plant’s biggest crude distillation unit, or CDU, that is expected to keep it running… Keep reading →

 /  Published August 20, 2013 at 8:30 AM