Wall Street Fundamentals Releases New In-Depth Stock Reports on CHK, DVN, KWK and SD

Natural gas prices fell to a 2.5 month low Thursday due to a larger than expected rise in inventories. The U.S. Energy Information Agency’s weekly inventory report showed stockpiles increased by 111 billion cubic feet, above industry experts’ expectations of 93 billion to 97 billion, according to a survey conducted by Platts. Natural gas for July delivery declined 4.3 percent to settle at $3.827 a million British thermal units on the New York Mercantile Exchange. Here is how some natural gas stocks reacted Thursday:

Chesapeake Energy Corporation (NYSE: CHK) shares traded in the range of $21.19 to $21.68 Thursday before settling to close at $21.67, an increase of 0.70 percent. The stock appears to be facing some resistance at $21.83 with some support at 21.29. The company reported an adjusted net income of $183 million for the first quarter of 2013, a year-over-year increase of 95 percent. Shares of Chesapeake Energy have gained over 30 percent so far in 2013.

More information on Chesapeake Energy and access to the free equity report can be found at: www.WallStreetFundamentals.com/CHK

Devon Energy Corp. (NYSE: DVN) shares traded in the range of $54.83 to $58.00 Thursday before settling to close at $55.83, a decrease of 1.43 percent. The stock appears to be facing some resistance at $56.54 with some support at $54.92. The company has announced plans to form a publicly traded midstream master limited partnership. Shares of Devon Energy are up approximately 7.25 percent so far in 2013.

More information on Devon Energy and access to the free equity report can be found at: www.WallStreetFundamentals.com/DVN

Quicksilver Resources Inc. (NYSE: KWK) shares traded in the range of $1.91 to $2.13 Thursday before settling to close at $2.03, a decrease of 0.98 percent. The stock appears to be facing some resistance at $2.22. During the first quarter of 2013, the company signed and closed an agreement to sell 25 percent of its Barnett Shale assets to TG Barnett Resources LP, a subsidiary of Tokyo Gas Co., Ltd. Shares of Quicksilver Resourcesare up approximately 7.25 percent so far in 2013.

More information on Quicksilver Resources and access to the free equity report can be found at: www.WallStreetFundamentals.com/KWK

SandRidge Energy Inc. (NYSE: SD) shares traded in the range of $4.85 to $5.07 Thursday before settling to close at $4.94, a decrease of 1.0 percent. The stock appears to be facing some resistance at $5.08 with some support at $4.80. A total of 169 operated wells were completed and brought on production in the first quarter of 2013. Shares of SandRidge Energy have fallen approximately 22.0 percent so far in 2013.

More information on SandRidge Energy and access to the free equity report can be found at: www.WallStreetFundamentals.com/SD

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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.

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