Chesapeake Energy was a trailblazer that helped make the US the world’s biggest oil producer and transformed the global energy market. Its fall shows just how fragile the sector is.
Investors can expect a gusher of asset writedowns in the coming quarter due to this year's plunge in crude prices.
Upgrades * Ladenburg Thalmann upgraded the stock for IZEA Worldwide Inc (NASDAQ: IZEA) from Neutral to Buy. For the first quarter, IZEA Worldwide had an EPS of ($0.18), compared to year-ago quarter
The deeply indebted oil giant keeps making moves aimed at improving its financial position.
Once a rising star of the oil industry, the Houston-based company lurches from one crisis to another having lost nearly 60% of its value since the start of 2020.
Occidental Petroleum Corp will write down the value of its oil and gas properties by up to $9 billion this quarter and restructure some debts to avoid a possible default, the company said on Thursday.
The U.S. oil producer is trying to shed nearly $40 billion in debt from its purchase of rival Anadarko Petroleum last year, an ill-timed bet on rising oil prices ahead of a historic market crash
The deep downturn in oil prices is forcing the company to revalue its assets.

Investing In Oil And Gas: Precarious Times

12:00am, Thursday, 25'th Jun 2020
It’s investor beware with oil and gas. Companies can report production and reserves in a variety of ways – all completely legal – that can catch a naïve investor off guard.
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investmen
These stocks are going up after the big S&P 500 drop on June 11.

Don't Drill for Occidental Petroleum Just Yet

06:55pm, Tuesday, 23'rd Jun 2020
The fundamental demand picture isn't exactly encouraging for OXY stock

4 Oil Stocks Digging Their Own Graves Now

06:40pm, Tuesday, 23'rd Jun 2020
The oil and gas sector is risky enough, so investors should stay far away from these four oil stocks. They're digging their own graves.
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