Chesapeake Energy Corporation's decision to acquire WildHorse Resource Development for nearly $4 billion in cash and stock came as a surprise to many investors, especially given the recent oil rout.
However, the CEO of Chesapeake Energy, Doug Lawler, labeled this deal as one of the most exciting events in the recent history of the company, in terms of it could potentially transform the company.
So how would this deal help Chesapeake Energy?
First, the acquisition of WildHorse is expected to strengthen and accelerate the delivery of Chesapeake's near-term strategic priorities of margin improvement, sustainable free cash flow generation, and a net debt-to-EBITDA ratio of 2.0.The increased scale of its operations, coupled with its ability to drill longer through its capital-efficient drilling mechanism, will help the company in yielding stronger drilling returns as well as eliminate additional oilfield service and supply chain costs.
The escalating trade war between China and the U.S. spurred concerns for the impending deal between Walt Disney and 21st Century Fox.
But with Chinese regulators finally approving Walt Disney's $71.3 billion acquisition of nearly all 21st Century Fox’s film and television assets, the most important hurdle for the blockbuster deal has been cleared.
With the news hitting the market, shares of Disney rose nearly 1% while shares of Fox rose 3%.
Although the deal still needs regulatory approval from several other nations, this unconditional Chinese approval is the biggest stepping stone towards successful execution of the deal amidst ongoing geopolitical tensions.
With the deal expected to be complete within the first half of 2019, it would transform the entertainment landscape as it gives Disney access to key film brands such as Avatar and X-Men, as well as some of the big TV hits such as “Atlanta,” “It’s Always Sunny in Philadelphia,” and “American Horror Story.” Furthermore, it wou
The recent volatility in the oil sector has led to the Dow Jones U.S. Oil & Gas Index losing ~8% in November, thus prompting some investors to label the energy sector as cheap.Thing is, even when the energy stocks were rising owing to a rally in the oil prices earlier this year, some analysts and market observers were still labeling the sector inexpensive based on valuations.
Penalized severely by the recent oil rout, WTI futures touched their worst losing streak in nearly 34 years, while IYE -- and ETF that tracks the Dow Jones U.S. Oil & Gas Index -- suffered a year-to-date loss of ~7% and falling 15.68% below its 52-week high.
Several energy stocks trade at roughly a 50% discount to the broader market. Is the Energy sector a "buy" in these conditions?
Sears Holdings wants to pay executives as much as $19 million in quarterly bonuses, amidst the company’s struggle to stay in business in the wake of a bankruptcy possibility.
The retailer has submitted two bonus plan for the court’s approval.The first one intends to pay as much as $2.1 million per quarter collectively for the top 18 executives.As part of the second plan, 322 other unnamed executives could get $16.9 million a quarter in aggregate - apparently as an incentive to stay with the firm during its tough times.
While that isn’t terrible given how many stocks in the materials sector have struggled, but there could be something in the chart that is a good sign for Arcelor.
Looking at the daily chart, we see that the stock hit a low at $23.80 back on October 26.There is still resistance looming overhead at the $28 level, but that is 12.9% above yesterday’s closing price.
Arcelor’s fundamental measurements are all over the place.
Over the last six months, drug manufacturer AbbVie (NYSE: ABBV) has been confined to a downward trend with a channel defining the different cycles of the trend.Given the current situation is showing such a scenario, it could be a sign that the stock is getting ready to get hit with another downswing.
From a fundamental perspective, AbbVie as a company has been performing far better than its stock would indicate.
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One such stock is American Airlines (Nasdaq: AAL) and it has jumped almost 25% in the last three weeks.Keep in mind that the S&P 500 is up a whopping 2.5% in the last three weeks.
Despite the sharp rally by American, the stock is facing some resistance just ahead in the form of the upper rail of a downward-sloped trend channel.
There have been fears that the border between the two will “become an external EU border…thus inhibiting movement and trade on the island,” says a report from crypto news site CCN.This has created a problem for politicians, who want to ensure frictionless trade while “respecting the spirit of the referendum decision.” Phillip Hammond, the UK’s finance minister, believes he has the solution – blockchain.
Blockchain has been embraced across industries for its security, transparency, and ability to work in a variety of contexts, making it a natural fit for the diverse range of tasks overseen by the government.
And what’s the best way to find out whether there’s a tradeable pattern or trend happening?
Short answer: there’s no good way to perform any of these tasks.Simply click the “Buy” box and the results show up instantaneously.
Lockheed Martin Corp. won a $22.7 billion contract from the U.S. Navy to deliver 255 aircrafts of the F-35 family.
According to the deal, Lockheed’s Aeronautics division's aircrafts will be allocated as follows: 64 F-35As for the U.S. Air Force, 26 F-35Bs for the Marine Corps,16 F-35Cs for the Navy, 89 F-35s for non-Department of Defense (DoD) participants and 60 F-35s for Foreign Military Sales customers.
What makes this deal potentially even more crucial for Lockheed Martin is that F-35 aircraft models accounted for 27% of the company’s revenues in the third quarter this year, and helped its Aeronautics’ division’s annual revenues to increase by 19.6%.
Tesla is apparently signing contracts and/or making acquisitions to mitigate bottlenecks in its car deliveries.
On Thursday, the company’s CEO Elon Musk tweeted that Model 3s ordered by the end of month would be delivered by the year’s end in the U.S., and that the auto maker is relying more on trucks (versus rail) as it is relatively time-efficient in the delivery process. He also indicated that the company is making some acquisitions in trucking firms – without elaborating any further.In September, Musk expressed that the company might be building its own car carriers to supply cars to customers, aiming to improve the delivery processes.
The news sent its shares down -11% in after-market trading on Thursday.
The luxury department store chain revealed on Thursday that it will refund $72 million to customers who were incorrectly charged higher interest rates on store credit cards that were delinquent.We realize customers and shareholders place a great deal of trust in us, and that’s a responsibility we take seriously,” Nordstrom said on a conference call with analysts.
Nordstrom’s compensation to customers subtracted 29 cents from its earnings per share for the latest reported quarter.
JC Penney’s third quarter results do little to brighten things up for a retailer that has been struggling with thinning margins for a while.
In the fiscal third quarter ended Nov. 3, 2018, the retail chain incurred an adjusted net loss of $164 million ($0.52 per share) – worse than the $108 million ($0.35 per share) loss of the year ago-period. Total net sales declined -5.8 % to $2.65 billion, from $2.82 billion a year ago.
Comparable sales decreased -5.4 % for the third quarter.
Sears Holdings Corp. has been allowed some time before a legal decision would be made on whether or not the retail company should continue to operate.
During Thursday’s bankruptcy court hearing, Judge Robert Drain gave permission to Sears to auction off 500 stores.Judge Drain has, however, decided to wait until a December hearing to give the final verdict on whether Sears should be allowed to continue operations or if it should begin shuttering all of its stores.
"We recognize we have a tough path ahead of us to save the company," said Sears attorney Ray Schrock, but also indicated that the company hopes to gain some tailwind from the upcoming holiday shopping.
The Boeing Company's stock price has been taking a nosedive over the past week, amidst concerns that the aircraft manufacturer might be held accountable for last month’s Lion Air flight crash.
Lion Air flight 610 - a 737 MAX 8 model – crashed into the sea near Jakarta, Indonesia on October 29, leading to the death of all 189 passengers.The company also mentioned to CNN that it has updated airlines about all the safety features on the 737 MAX 8, but said it does not "discuss specifics of an ongoing investigation".
Much of Apple's rise to become a $1 trillion company was driven by intense demand in China.The middle kingdom has an exploding middle class, and the iPhone became a status symbol for the good life, driving high levels of demand for the premium product.
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Three years ago, I stopped shaving with water to conserve H20.It might seem like a little thing, but little things add up.
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The San Francisco-based, iconic American clothing company, Levi Strauss & Co. – known for creating the first pair of blue jeans -- is planning to go public again (according to the report published by CNBC).
Looking to raise somewhere between $600 million to $800 million, the company is targeting the first quarter of 2019 to go public.
With an aim to debut with a valuation upward of $5 billion, the company hired Goldman Sachs (GS) and J.P. Morgan (JPM) to manage the deal. Net income for the quarter stood at $130 million, representing a growth of 45%.
A diversified midstream energy infrastructure and logistics company, MPLX, has been growing leaps and bounds in the last few quarters.But only few have noticed.
Despite having excellent and fast improving fundamentals, along with a high yield, the company hasn’t been able fully engage investor interest.