Energy Updates: SandRidge Energy Inc. (SD)’s Hopes, Chesapeake Energy Corporation (CHK) & Exxon Mobil Corporation (XOM)’s Aggressive Approach

Page 1 of 2

Editor’s Note: Related tickers: SandRidge Energy Inc. (NYSE:SD), Chesapeake Energy Corporation (NYSE:CHK), Exxon Mobil Corporation (NYSE:XOM), ConocoPhillips (NYSE:COP)

Activism in energy sector creates obstacles for M&A (FoxBusiness)
When hedge fund TPG-Axon launched its activist campaign at U.S. oil and gas company SandRidge Energy Inc. (NYSE:SD) last year, the activist investor laid out hopes that the company could explore a sale. But an outright sale of the company has not happened. Paradoxically, that is at least in part because of a surge in activism in the energy sector this year, bankers and analysts said. According to Thomson Reuters data, there have been 13 activist situations involving publicly traded energy companies in the first eight months of 2013 alone. That is the same number of activist campaigns launched against energy companies for the period spanning 2003 to 2007.

Chesapeake Energy Corporation (NYSE:CHK)

Insider Selling: Chesapeake Energy Corp. SVP Sells 48,100 Shares of Stock (CHK) (MideastTime)
Chesapeake Energy Corporation (NYSE:CHK) SVP Martha Burger sold 48,100 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $26.03, for a total value of $1,252,043.00. Following the transaction, the senior vice president now directly owns 254,324 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link. A number of analysts have recently weighed in on CHK shares. Analysts at Susquehanna downgraded shares of Chesapeake Energy Corporation (NYSE:CHK) from a “positive” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st. They now have a $26.00 price target on the stock.

Pay Interest on Exxon Mobil Corp (SBWire)
Exxon Mobil Corporation (NYSE:XOM) has embarked on an aggressive strategy to beef up its unconventional oil assets while divesting itself of low-margin downstream assets. This has been an ongoing project, with the company purchasing 226,000 acres from ConocoPhillips (NYSE:COP) in Athabasca, Canada for $720 million. Despite Exxon Mobil Corporation’s recent poor financial results, this purchase, along with a range of other emerging catalysts, has the potential to catapult Exxon Mobil Corporation (NYSE:XOM)’s share price higher over the long term. Exxon’s second quarter results were disappointing For the second quarter of 2013, Exxon reported some particularly disappointing results for investors…

Roundup: Synovus Financial Corp. (NYSE:SNV), SandRidge Energy Inc. (NYSE:SD), Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM), Kodiak Oil & Gas Corp (TechSonian)
LeadingStockAlerts is a financial marketing firm that specializes in assisting the underserved small cap and micro-cap stock community. …SandRidge Energy Inc. (NYSE:SD) soared0.39% and closed at $5.20 on a traded volume of 6.99 million shares, whereas its average trading volume is 9.71 million shares. In the last three months, the stock is up1.36%. The Intra-day range for the stock is $5.13 and $5.30. Will SD Continue To Move Higher? Find Out Here SandRidge Energy Inc. (NYSE:SD) is an independent oil and natural gas company. The Company is engaged in development and production activities in the Mid-Continent, Gulf of Mexico and Permian Basin in west Texas.

Chesapeake Energy lays off some of its PR staff (DailyMail)
The corporate restructuring that began earlier this month at Chesapeake Energy Corporation (NYSE:CHK) has already led to layoffs among the company’s West Virginia public relations staff. Multiple sources have confirmed to the Daily Mail that at least four members of the company’s West Virginia community outreach group were laid off Aug. 14. They include Phil Pfister (of World’s Strongest Man fame), Jacque Bland and Scott Rotruck, who worked out of the firm’s Morgantown office. Maribeth Anderson, who also does government relations and lobbyist work for the company, was one of the survivors of the recent round of layoffs. She is now apparently one of the company’s few, if only, remaining public relations contacts in the state.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!