(CHK) – May 1 Close of $50.93 In A Nutshell. Chesapeake reported much better than expected bottom line results, costs were in line with guidance and reserve metrics were as good as anyone could expect except maybe one or two odd duck analysts. They also announced a new VPP and the expected sale of the […]
Commodity Watch: Natural gas tumbled following a larger than expected build. The EIA reported an injection of 86 Bcf, I was looking for a range of 80 to 85 Bcf and the Street Consensus was 70 Bcf. June contract gas closed down $0.28 at $10.56. It appears that increased supply is finally starting to […]
The Fed gave us a quarter point rate cut but did not add the "pausing language" traders were looking for to "kill the commodity trade" by propping up the dollar. At least that's what I thought when I heard and again when I later read the Fed's statement. The WSJ characterized it as "signaling a […]
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