Wall Street Fundamentals Releases New In-Depth Stock Reports on CHK, DVN, SD and SWN
Energy stocks received a boost Friday as a tropical storm threatened to shut down roughly half of the oil and natural gas production in the Gulf Coast. The United States Natural Gas Fund, LP (NYSEARCA: UNG) increased 0.17 percent to close at $18.06, down approximately 4.4 percent year-to-date. Production in the Gulf accounts for approximately 23 percent of total crude production and 7 percent of natural gas production in the U.S. By Friday companies operating in the Gulf have shut down roughly 40 percent of total natural gas production. Here is how some natural gas stocks reacted Friday:
Chesapeake Energy Corporation (NYSE: CHK) shares traded in the range of $26.07 to $26.67 Friday before settling to close at $26.50, an increase of 1.22 percent. The stock appears to be facing some resistance at the $27.30 and $28.54 levels with some support at $26.33. Shares of Chesapeake Energy have gained approximately 60.0 percent in 2013.
More information on Chesapeake Energy and access to the free equity report can be found at:
Devon Energy Corp. (NYSE: DVN) shares traded in the range of $57.99 to $59.14 Friday before settling to close at $58.92, an increase of 1.64 percent. The stock appears to be facing some resistance at the $60.03 and $60.36 levels with some support at $58.29. Shares of Devon Energy have gained approximately 13.0 percent in 2013.
More information on Devon Energy and access to the free equity report can be found at:
SandRidge Energy Inc. (NYSE: SD) shares traded in the range of $6.05 to $6.15 Friday before settling to close at $6.08, an increase of 0.50 percent. The stock appears to be facing some resistance at $6.24 with some support at the $6.05 and $5.87 levels. Shares of SandRidge Energy have fallen approximately 4.0 percent in 2013.
More information on SandRidge Energy and access to the free equity report can be found at:
Southwestern Energy Company (NYSE: SWN) shares traded in the range of $35.56 to $36.12 Friday before settling to close at $35.89, an increase of 0.53 percent. The stock appears to be facing some resistance at the $36.31 and $36.63 levels with some support at $35.64. Shares of Southwestern Energy have gained approximately 7.0 percent year-to-date.
More information on Southwestern Energy and access to the free equity report can be found at:
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Wall Street Fundamentals
Source: Accesswire IA
(October 7, 2013 - 9:04 AM EDT)
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