DAX-0,61 % EUR/USD-0,07 % Gold-0,21 % Öl (Brent)+0,17 %

Chesapeake Energy (Seite 10)


WKN: 885725 | Symbol: CS1
3,155
$
19.03.19
Nasdaq
+0,16 %
+0,005 USD

Begriffe und/oder Benutzer

 

Chairman Emeritus Archie Dunham bought 2.1 million shares of stock, good for more than $4 million.






Bret Kenwell

TheStreet.comDecember 28, 2018
Chesapeake Energy Jumps on Strong Production Outlook


M. Corey Goldman

TheStreet.comJanuary 09, 2019


jumped 10% to $2.70 on Wednesday after the oil and gas company said its fourth-quarter production numbers would come in above analysts' expectations. The Oklahoma City-based company said in a statement that it sees production for the most recent quarter of 462,000 to 464,000 barrels of oil equivalent (BOE) per day, compared with the FactSet consensus of 448,000 BOE per day. Oil production is estimated to range from 86,000 to 87,000 barrels of oil per day, above the FactSet consensus of 85,200.
Hallo zusammen,

im Sommer / Herbst 2018 konnte man mit der Chesapeaks schön von dem steigenden Ölpreis profitieren.
Als das Öl gegen Ende 2018 von gut 80$ auf gut 50$ absackte, gings mit der Chesapeaks Aktie ebenfalls Richtung Süden. Von dem Anstieg auf aktuell 67$/Barrel hat die Aktie etwas profitiert, es steckt jedoch noch ein gewaltiges Potential drin.

Das Produkt Öl oder Gas kann man nicht mit einem normalen Industrieprodukt vergleichen. Bei der Förderung wird viel Geld investiert und das ganze Geschäfte rechnet sich erst ab einem bestimmten Barrelpreis. Sind die Fiskosten gedeckt, wird mit jedem weiteren Ölpreisanstieg sofort richtig viel Geld verdient, da die variablen Kosten sehr klein sind.
Eine Chesakpeaks kann man somit als Hebelprodukt auf den Öl-/Gaspreis bezeichnen. Die Aktie liegt heute nicht viel höher als im Frühjahr 2016 und damals lag das Barrel bei ca. 30$ (!). Da die ÖL-/Gaspreise z. T. länger abgesicher sind gibt es hier einen gewissen Nachlauf.
Bis die höheren Preise in den Quartalszahlen erscheinen kann auch noch eine gewisse Zeit vergehen.

Ich bin wieder drin und warte bis man die nächste Welle abreiten kann.

Gruß Substanzsucher
2018 Results:

• Portfolio evolution drives improved returns and leverage reduction: Divested lower-margin Utica and Mid-Continent assets and expanded higher-margin oil growth platform through strategic focus on the Powder River Basin (PRB) and announcement of the acquisition of WildHorse Resource Development Corporation (WildHorse); overall total debt reduction of $1.8 billion as of December 31, 2018, including the elimination of $2.6 billion in secured debt;
• Oil production growth: 2018 average daily oil production of approximately 90,000 barrels (bbls), up 10 percent compared to 2017 levels, adjusted for asset sales; December 2018 oil production equaled 21 percent of total production mix;
• Highest margins since 2014: 2018 net income available to common stockholders of $775 million, or $0.85 per diluted share; 2018 adjusted net income attributable to Chesapeake of $816 million, or $0.90 per diluted share; 2018 fourth quarter net income available to common stockholders of $486 million, or $0.49 per diluted share; 2018 fourth quarter adjusted net income attributable to Chesapeake of $238 million, or $0.21 per diluted share; highest adjusted EBITDA generated per barrel of oil equivalent (boe) of $12.81 since 2014.

2019 Outlook:

• Transformational oil growth: Projected 2019 average daily oil production of approximately 116,000 to 122,000 bbls, an absolute increase of approximately 32 percent (or 50 percent adjusted for asset sales), driven by the acquisition of the WildHorse asset and organic growth from the PRB; oil mix projected to be approximately 26 percent by 2019 fourth quarter;
• Capital expenditure program discipline: Projected 2019 capital expenditures range from $2.3 to $2.5 billion, effectively flat compared to $2.366 billion in 2018;
• Lower costs lead to improved capital efficiency and enhanced competitiveness: Cash costs projected to decrease by approximately $200 million, driven by lower gathering, processing and transportation (GP&T) expenses partially offset by slightly higher production and general and administrative expenses as a result of production and working interest mix; EBITDA generated per boe projected to increase by approximately 12 to 15 percent, based on recent strip prices.
Doug Lawler, Chesapeake's President and Chief Executive Officer, commented, "I am very pleased with Chesapeake's operational and financial performance in 2018. Two transformational business transactions not only serve as a significant inflection point for the company, but also provide foundational support in our strategic goals of further reducing our net debt, achieving sustainable positive free cash flow, and enhancing margins. The recent acquisition of WildHorse, which we refer to as our Brazos Valley business unit, provides significant profitability, flexibility and optionality to our diverse, deep asset portfolio and facilitates our achieving these strategic goals.
"Over the past five years, we have clearly established our operational and capital efficiency leadership. We have also materially improved our financial leverage and significantly reduced our obligations, commitments and complexity. Our 2018 accomplishments of 10 percent adjusted oil growth, improved realizations and lower absolute cash costs compared to 2017 resulted in the highest EBITDA generated per boe for Chesapeake since 2014, when oil averaged more than $90 per barrel and gas averaged more than $4 per thousand cubic feet. Our strategic focus on increasing our oil production is working, as we increased annual net oil volumes from the PRB by 78 percent in 2018, resulting in oil production representing 21 percent of our overall production mix in December. Our oil focus will be fully evident in 2019, as annual net oil volumes from the PRB are expected to more than double compared to 2018 and as we begin a robust drilling program on our Brazos Valley asset, while also attacking the base production in all our operating areas with full-field optimization and downtime reduction programs. As a result, we project our average oil mix to be approximately 24 percent of total volumes in 2019 compared to 17 percent in 2018, with our year-end 2019 oil mix approaching 26 percent.
"We are off to a fast start in 2019. With the integration of the Brazos Valley asset into Chesapeake fully underway, we are already seeing a significant amount of cost savings to be captured and strong performance from the asset. The Brazos Valley asset had very strong 2018 fourth quarter performance, with production, capital expenditures and cash flow better than we had originally projected at the time of the acquisition announcement.
"At today's strip pricing, we expect our cash flow to be meaningfully stronger in 2019, as we continue to leverage our strength in capital efficiency and cash cost leadership. Chesapeake's progress, portfolio and strategic plan provides a compelling investment opportunity and we look forward to driving differential value for our shareholders in the year ahead."
2018 Full Year Results
For the 2018 full year, Chesapeake reported net income of $877 million and net income available to common stockholders of $775 million, or $0.85 per diluted share, compared to $953 million, $813 million, and $0.90 in 2017, respectively. The company's EBITDA for the 2018 full year was $2.499 billion, compared to $2.376 billion in 2017. Adjusting for items that are typically excluded by securities analysts, the 2018 full year adjusted net income attributable to Chesapeake was $816 million, or $0.90 per diluted share, compared to $742 million, or $0.82 per diluted share in 2017, while the company's adjusted EBITDA was $2.436 billion, compared to $2.160 billion in 2017. Reconciliations of financial measures calculated in accordance with GAAP to non-GAAP measures are provided on pages 14 - 17 of this release.
Average daily production for 2018 of approximately 521,000 boe increased by 4 percent compared to 2017 levels, adjusted for asset sales, and consisted of approximately 90,000 bbls of oil, 2.278 billion cubic feet (bcf) of natural gas and 52,000 bbls of NGL.
Production expenses in 2018 were $2.84 per boe, compared to $2.81 per boe in 2017. The per unit increase was the result of increased ad valorem tax primarily due to higher prices received for the company's oil, natural gas and NGL production. General and administrative expenses (including stock-based compensation) in 2018 were $1.47 per boe, compared to $1.31 per boe in 2017. The increase was primarily due to less overhead allocated to production expenses, marketing expenses and capitalized general and administrative costs, as well as less overhead billed to working interest owners, due to certain divestitures in 2018 and 2017.
2018 Fourth Quarter Results
For the 2018 fourth quarter, Chesapeake reported net income of $514 million and net income available to common stockholders of $486 million, or $0.49 per diluted share, compared to $334 million, $309 million, and $0.33 in the 2017 fourth quarter, respectively. The company's EBITDA for the 2018 fourth quarter was $910 million, compared to $764 million in the 2017 fourth quarter. Adjusting for items that are typically excluded by securities analysts, the 2018 fourth quarter adjusted net income attributable to Chesapeake was $238 million, or $0.21 per diluted share, compared to $314 million, or $0.30 per diluted share in the 2017 fourth quarter. The company's adjusted EBITDA was $574 million in the fourth quarter of 2018, compared to $706 million in the fourth quarter of 2017. Reconciliations of financial measures calculated in accordance with GAAP to non-GAAP measures are provided on pages 14 - 17 of this release.
Average daily production for the 2018 fourth quarter was approximately 464,000 boe, a 7 percent decrease compared to 2017 levels, adjusted for asset sales, and consisted of approximately 87,000 bbls of oil, 2.009 bcf of natural gas and 42,000 bbls of NGL.
Production expenses during the 2018 fourth quarter were $2.87 per boe, compared to $2.50 per boe in the 2017 fourth quarter. The increase was primarily a result of certain 2018 and 2017 divestitures and increased ad valorem tax due to higher prices received for the company's oil, natural gas and NGL production. General and administrative expenses (including stock-based compensation) during the 2018 fourth quarter were $1.19 per boe, compared to $1.34 per boe in the 2017 fourth quarter. The decrease was primarily due to lower compensation expenses, partially offset by less overhead allocated to production expenses, marketing expenses and capitalized general and administrative costs. The company's GP&T expenses increased to $7.92 per boe from $7.15 per boe during the 2017 fourth quarter, primarily due to a shortfall payment for Eagle Ford oil transportation volumes.
Capital Spending Overview
Chesapeake's total capital investments were approximately $541 million during the 2018 fourth quarter and $2.366 billion during the 2018 full year, compared to approximately $523 million and $2.458 billion in the 2017 fourth quarter and 2017 full year, respectively. A summary of the company's 2018 and 2017 capital expenditures, as well as the current 2019 capital expenditure guidance, is provided in the table below.
Hallo zusammen,

die Aktie kämpft noch mit der 3$ Marke und beim nachhaltigen Überwinden dieser Linie, sollte es schnell Richtung 4$ gehen.





Einfaches Einfügen von wallstreet:online Charts: So funktionierts.
der Kampf um die 3$ ist noch nicht gewonnen.
Das Öl geht zumindest aus Sicht von Chesapeake in die richtige Richtung.


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