In the past month, Chesapeake Energy (NASDAQ:CHK) has been on the radars of plenty of investors and yesterday the company was in the news again after it announced its financial results for the second fiscal quarter. The stock has also managed to emerge as a notable gainer over the past month and managed to record gains of as much as 15%.
However, in this regard, it is important to note that experts believe that investors should not look too much into the company’s financial performance in the second quarter. They believe that a clearer picture will emerge once the reorganisation activities are taken off the income statement at Chesapeake.
In this regard, it should be noted that deferred maintenance items are going to be added to the income statement as well and hence, it is difficult for investors to make much of the situation at Chesapeake. On the other hand, it is also important for investors to keep in mind that an acquisition is still in the pipeline as well and that could further have an effect on the ultimate results for the quarter in question. At this point in time, investors could do well to keep an eye on the latest developments in relation to the company.
Oil and gas investors may also want to take a look at energy company Allied Energy Group (OTCMKTS:AGYP). AGYPis one of the oil and gas companies that could be watched by investors closely in light of recent events with regards to the company. In order to make one’s mind up about the company, investors need to take a closer look at what has been happening at Allied Energy in recent weeks. One of the things that one should remember that the coming week could be a pivotal one for Allied Energy.
Yesterday it emerged that the company had struck oil and was on the verge of beginning production at its Green Lease Site. However, that is not all. The company also noted that it was on the verge starting production at its Annie Gilmer site as well. Both of these sites are located in Texas. The latest pieces of news could come as a significant boost for investors who have taken a long view of the Allied Energy stock.
