Zman’s Energy Brain ~ oil, gas, stocks, etc…

If you’re looking for the CHK 2Q08 Pre Call Note click here.
In Tonight’s Post:

Gas Storage Review
Gas Price Thoughts
Gas Supply Update

Commodity Watch: Natural gas sank $0.13 to close at $9.12 after the EIA announced injections to gas storage of 65 Bcf. The Street was looking for an injection of 71 Bcf: I was looking for 75. [...]

 
(CHK) - July 31, 2008 Close of $50.15  (the stock was actually higher ($50.93) before they announced 1Q results)

In A Nutshell. Chesapeake reported better than expected top and bottom line results with production exceeding the top end of CHK’s guidance and CFPS exceeding the top end of the Street’s forecast range. Costs were in line [...]

Got a bit wrapped up this weekend; may get to update the wrap with comments tonight but it looks unlikely.

It was another poor week for performance and we did a little bit of repositioning in preparartion for the third and busiest week of the 2Q earnings season to date as the rapid decline in the [...]

In A Nutshell: Newfield beat top and bottom line Street expectations due to better than expected production volumes and operating cost discipline. Key plays continue to ramp impressive while finding costs and operating costs per unit are declining. If I had to point to anything on my wish list that I didn't get it was [...]

 
If you missed the weekend wrap post click here. 
In Today's Post:

Commodity Watch
Earnings Calendar - Week 2
Earnings Watch
Stocks We Care About Today Watch
Odds & Ends

 
Commodity Watch:
Crude Oil fell 11% last week turning in its single worst one week dollar drop since trading in crude started on the NYMEX. This morning crude is trading up $2 to [...]