Chesapeake Energy and its former CEO suggest huge Utica potential (MarketRealist)
The Utica Shale is an emerging play located primarily in eastern Ohio and western Pennsylvania. The play gained publicity in late 2011, as Chesapeake Energy Corporation (NYSE:CHK) revealed that it had been purchasing acreage rights in the area. Aubrey McClendon was the former CEO of Chesapeake, but he recently left the company because investors were unhappy with his management. Since his departure, the former CHK head has lined up ~$1.2 billion in financing for investment in Ohio, according to an article in the Wall Street Journal.
Exxon Mobil Corp.’s Buy Rating Reaffirmed at TheStreet (XOM) (UtahPeoplesPost)
Exxon Mobil Corporation (NYSE:XOM)‘s stock had its “buy” rating reaffirmed by investment analysts at TheStreet in a note issued to investors on Tuesday, Stock Ratings Network reports. The analysts wrote, “Exxon Mobil Corporation (XOM) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Stocks Alert: SandRidge Energy Inc. (NYSE:SD), Alcoa Inc. (NYSE:AA), Huntington Bancshares Incorporated (NASDAQ:HBAN), Cliffs Natural Resources Inc (NYSE:CLF) (TechSonian)
Value Penny Stocks issues a special report on SandRidge Energy Inc. (NYSE:SD)… SandRidge Energy Inc. (NYSE:SD) moved up 1.94% to $5.26 on a traded volume of 1.75 million shares. SandRidge Energy Inc. (NYSE:SD) named its president and CEO, James Bennett, to its board, effective immediately.
Chesapeake marketing Nichols Hills Plaza, Classen Curve (BusinessWeek)
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 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.
Should Exxon Mobil Still Be Part of Your Retirement Plan? (InvestorPlace)
Retirement planning involves active management of our portfolios, and that includes the occasional stock reallocation. Sometimes, you have to see whether an older holding is worth continued investment, or if you’d be better off putting the money to new uses. I’m at such a crossroads right now, sitting on a modest investment in Exxon Mobil Corporation (NYSE:XOM) accumulated through a dividend reinvestment plan for more than 30 years.