11/14/2022 0 Comments Why is chk stock going up![]() The company hopes to enhance its record of proactive and transparency. ![]() On November 3, RRC published its Corporate Sustainability Report. The company explores, acquires, and develops natural gas and oil properties. RRC is an independent oil and natural gas company, NGLs, and oil company operating in the United States. The company’s cash, cash equivalent, and restricted cash balance rose 180.4% from the same period last year to $858 million. Net cash provided by operating activities improved 16% from the prior-year quarter to $443 million. ![]() #Why is chk stock going up freeAbout this acquisition, Nick Dell’Osso, CHK President and Chief Executive Officer, said, “We are pleased to integrate the outstanding Vine operations and assets into our portfolio, strengthening our position in the Haynesville Shale with over 900 additional drilling locations, immediately improving our free cash flow profile and accelerating a significant return of capital to our shareholders at a time of favorable natural gas prices.”įor the fiscal third quarter ended September 30, CHK’s adjusted net income attributable to common stockholders increased 427.5% year-over-year to $269 million. On November 1, the company announced that it had completed the acquisition of Vine Energy Inc. On December 2, CHK announced the repurchase of $1 billion in an aggregate value of its common stock and warrants. ![]() The company went public, after a financial restructuring process, on February 10, 2021. CHK acquires, explores, and develops properties for the production of oil, natural gas, and natural gas liquids (NGLs) from underground reservoirs in the United States. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |