2024-02-22 16:50:01 ET
Summary
- Chesapeake Energy will become the largest domestic natural gas producer in the U.S. after its merger with Southwestern Energy.
- The combined entity will be on par with major energy giants like Chevron, Exxon, Shell, and BP in terms of global natural gas production.
- Chesapeake Energy's capital spending and production guidance has potentially signaled a bottom in natural gas prices.
Try to buy assets at a discount rather than earnings. Earnings can change dramatically in a short time. Usually, assets change slowly. One has to know much more about a company if one buys earnings."
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Chesapeake Energy's 2024 Production Cut Marks A Bottom For Dry Natural Gas Prices