Printer Friendly
The Free Library
14,632,815 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Zacks.com Announces That Jack Adamo Highlights the Following Stocks: Chesapeake Energy, Devon Energy and Apache Corporation.


CHICAGO -- Jack Adamo, editor of the Insiders PLUS newsletter, says energy should finish the year in the plus column and highlights Chesapeake Energy Chesapeake Energy (NYSE: CHK) is a producer of natural gas in the United States and according to their 3Q 2007 report, is the largest independent producer, third overall (including majors) and the most active driller of new wells in the US.  (NYSE NYSE

See: New York Stock Exchange
:CHK CHK Check
CHK CHKDSK (File Name Extension)
CHK Chuuk, Caroline Islands, Micronesia (airport code)
CHK Check File
), Devon Energy Devon Energy Corporation (NYSE: DVN), headquartered in downtown Oklahoma City, Oklahoma, USA, is one of the world’s leading independent oil and gas exploration and production companies.  (NYSE:DVN DVN Digital Video Network (Internet2)
DVN Digital Value Network
DVN Diploma in Veterinary Nursing
DVN Device Number
) and Apache Corporation (NYSE:APA (All Points Addressable) Refers to an array (bitmapped screen, matrix, etc.) in which all bits or cells can be individually manipulated.

APA - Application Portability Architecture
). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Highlights from the May 27 Featured Expert column by Jack Adamo include:

Insiders On Board

Insider buying in Buying in has several meanings. In the securities market it refers to a process by which the buyer of securities, whose seller fails to deliver the securities contracted for, can 'buy in' the securities from a third party with the defaulting seller to make good.  the energy sector has picked up markedly after the recent correction. One of Adamo and his team's alternate picks, Chesapeake Energy (NYSE:CHK), continues to be the leader. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Aubrey McClendon Aubrey Kerr McClendon is the chief executive officer, chairman, and co-founder of Chesapeake Energy.

McClendon is on the board of directors at Chesapeake, which, among others, includes prominent Oklahoma politicians Frank Keating and Don Nickles.
 has accumulated (through direct purchase and options exercised) well over $100 million in stock just since the beginning of the year - an amount which, by itself, would easily exceed company stock ownership requirements. He bought tons last year, as well. The slight Insider selling in the company shows no signs of accelerating, and is dwarfed by multiple large purchases.

It's no wonder Insiders love Chesapeake. In one of the most perspicacious per·spi·ca·cious  
adj.
Having or showing penetrating mental discernment; clear-sighted. See Synonyms at shrewd.



[From Latin perspic
 and well-timed moves Adamo has seen in ages, the company locked in prices for 70% of its 2006 natural gas production at $9.43 per mcf. That's 52% above current spot prices, and 37% above the company's 2005 average price. Chesapeake gets the vast majority of its revenues from gas; so, regardless of what energy prices do, the company will be minting money this year.

There's been substantial Insider buying of other energy stocks lately too, but Adamo hasn't had a chance to analyze the companies yet; so, he won't name them. But he may have another pick within a few weeks for those who are still under-invested in the sector. Meanwhile, besides Chesapeake, Devon Energy (NYSE:DVN) and Apache Corporation (NYSE:APA) are within their buy ranges.

Read Jack Adamo's energy update and discover other stocks by clicking: http://at.zacks.com/?id=85

About Zacks Featured Experts

Successful investing requires professional advice from knowledgeable experts who can help investors achieve their financial goals in good markets and improve their portfolios, especially in bad ones. That is why Zacks Investment Research Zacks Investment Research

A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms.
 has assembled the best investment experts in the business to offer their powerful advisory newsletters on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc.

Additional recommendations from Zacks.com Featured Experts are highlighted in the free investment newsletter, Profit from the Pros. Each issue highlights several Featured Experts in this free e-mail newsletter. Register for a free subscription to "Profit from the Pros" at: http://at.zacks.com/?id=86

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=87

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Jun 2, 2006
Words:625
Previous Article:MetroCorp Bancshares, Inc. Discusses Branding and Market Positioning Plans.
Next Article:Moody's Corporation to Webcast 2006 Investor Day.
Topics:



Related Articles
Oil Company Shares Now A Bargain.(Brief Article)
Zacks.com Features the Following Top Stocks in the Oil Exploration and Production Industry: Burlington Resources, Devon Energy, EOG Resources,...
Zacks.com Announces That Jack Adamo Highlights the Following Stocks: Conoco, Devon Energy, Anadarko, and Dawson Geophysical.
Zacks.com Announces That Jack Adamo Highlights the Following Stocks: Teva Pharmaceutical, Ltd., Archstone-Smith, and Devon Energy.
Zacks.com Announces That Jack Adamo Highlights the Following Stocks: Devon Energy, Conoco-Phillips, Anadarko Petroleum, and Dawson Geophysical.
Zacks.com Announces That Jack Adamo Highlights the Following Stocks: Barrick Gold Corp., BHP Billiton Ltd., Devon Energy, and Bunge Ltd.
Zacks.com announces that Jack Adamo highlights the following stocks: Smithfield Foods, Anadarko Petroleum and Teppco Partners, L.P.
Zacks.com Announces That Jack Adamo Highlights the Following Stocks: Dawson Geophysical, Devon Energy, Companhia Vale do Rio Doce, BHP Billiton Ltd....
Zacks.com Announces that Jack Adamo Highlights the Following Stocks: Devon Energy, Chesapeake Energy Corp. and Fording Canadian Coal Trust.
Zacks Challenge Top Player Interview Features Yamana Gold, Evergreen Solar Inc., Devon Energy Corporation and Financial Institution Inc.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles