Chesapeake marketing Nichols Hills Plaza, Classen Curve (MENAFN.COM)
Chesapeake Energy Corporation (NYSE:CHK)’s effort to sell off assets is hitting closer to home. In its Mid-Year Retail Market Summary, Price Edwards & Co. said “Chesapeake is marketing Nichols Hills Plaza for sale, perhaps to be closed by year-end. Classen Curve will most likely follow.” Price Edwards declined further comment. In a regulatory filing earlier this month, Chesapeake Energy Corporation (NYSE:CHK) did not name Nichols Hills Plaza or Classen Curve, but said the company has “determined we would sell certain of our buildings (other than our core campus) in the Oklahoma City area.
Exxon to sell over half of Iraq oilfield stake to PetroChina, Pertamina – Iraq minister (euronews)
Exxon Mobil Corporation (NYSE:XOM) is selling over half of its 60 percent holding in Iraq’s West Qurna-1 oilfield project to China’s biggest energy firm PetroChina Company Limited (ADR) (NYSE:PTR) and Indonesia’s Pertamina, Iraq’s oil minister confirmed on Friday. “25 percent (stake) to PetroChina and 10 percent to Pertamina,” Abdul Kareem Luaibi told Reuters on the sidelines of a ministerial meeting here. Company and industry sources said on Thursday that China and Indonesia were set to join Exxon Mobil Corporation (NYSE:XOM)’s $50 billion (£32.08 billion) project to develop the field.
Will SandRidge Energy Inc. (SD) Bite You? (Insider Monkey)
SandRidge Energy Inc. (NYSE:SD) is a very popular energy stock, both among everyday investors and money managers. In the 21st century investor’s toolkit, there are tons of methods shareholders can use to track Mr. Market. Two of the most underrated are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top investment managers can trounce the S&P 500 by a very impressive amount. Out of the hedge funds we follow, TPG-AXON Management LP, managed by Dinakar Singh, holds the most valuable position in SandRidge Energy Inc. (NYSE:SD). TPG-AXON Management LP has a $172.4 million position in the stock, comprising 12.1% of its 13F portfolio.
Susquehanna Downgrades Chesapeake Energy Corp. to Neutral (CHK) (Daily Political)
Susquehanna cut shares of Chesapeake Energy Corporation (NYSE:CHK) from a positive rating to a neutral rating in a research report released on Wednesday, TheFlyOnTheWall.com reports. The firm currently has $26.00 price objective on the stock. The analysts noted that the move was a valuation call. A number of other firms have also recently commented on CHK. Analysts at Oppenheimer raised their price target on shares of Chesapeake Energy Corp. from $24.00 to $30.00 in a research note to investors on Thursday, August 15th. They now have an outperform rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a neutral rating on shares of Chesapeake Energy Corporation (NYSE:CHK) in a research note to investors on Friday, August 2nd.
SandRidge Energy, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis – Q1, 2013 (PR Carbon)
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Chicago firm to defend Exxon Mobil against charges of anti-gay bias (Washington Blade)
A Chicago-based law firm known as Seyfarth Shaw is representing oil-and-gas giant Exxon Mobil Corporation (NYSE:XOM) against charges of alleged anti-gay bias in hiring practices, according to the LGBT group Freedom to Work. Tico Almeida, president of Freedom to Work, told the Washington Blade on Thursday night the Chicago office of Seyfarth Shaw elected this month to represent Exxon Mobil in the lawsuit, which was filed by his organization and is pending before the Illinois Department of Human Rights.