Forest Oil Corp. bonds surged to a record after Sabine Oil & Gas LLC agreed to buy the energy producer, which has been struggling with dwindling cash flow.
BP Plc’s market-leading dividend yield make the shares a buy as the oil company attempts to plug the Gulf of Mexico spill that cut the stock price by a quarter, analysts said.
The pioneers of America’s shale gas and oil revolution have done their work. Now it’s time for the factory crews to take over.
Last week’s court ruling against a group of Chesapeake Energy Corp. bondholders exposes another risk for investors seeking gains in a market where securities valuations are already at record highs.
Chesapeake Energy Corp., under fire from investor Carl Icahn for focusing on “non-core assets,” has amassed more than $300 million of real estate in its home- town Oklahoma City area, including shopping centers.
"As such, balance sheet protection and liquidity preservation will be critical."
- Brian Gibbons on Jan 08, 2015