Chesapeake Energy News
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Shares of Chesapeake Energy (CHK) are up after Southeastern Asset Management Inc., the largest shareholder in the natural gas and oil exploration and production company, said it was more bullish on the firm as CEO Doug Lawler continues to cut costs.
If you want exposure to the Permian basin, invest in Pioneer Natural Resources, Core Labs and EOG, Cramer says.
U.S. supermajor Chevron Corp. said that it expects first quarter profit to decline sequentially, while European behemoth Royal Dutch Shell Plc started crude oil exports from Iraq's Majnoon field.