Hot Oil & Gas Stocks News Update: Chesapeake Energy Corporation (NYSE:CHK), Petroleo Brasileiro SA Petrobras … – Money News (press release)

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Shares of Chesapeake Energy Corporation (NYSE:CHK) CHK: 4.16 -0.07 (-1.77%) on Monday. The company offered net profit margin of 0.00% while its gross profit margin was 69.40%. ROI was recorded as -145.70%. The share price is trading in a range of 4.04 – 4.21 (Price in Dollars). The stock exchanged hands with 24.62M shares contrast to its average daily volume of 40.86M shares. The company employs 4400 people, over the last 12 months has generated revenue of $11.96B and has a net income of $-12038.00M. According to The Globe and Mail, Oil prices dipped to around $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC meeting while Canadian production was set to restart after huge wildfires.

Attention turned to a meeting by the Organization of the Petroleum Exporting Countries (OPEC) in Vienna this week, although most analysts did not expect any changes in the group’s production.

Brent crude futures were at $48.97 a barrel at 0959 GMT, down 35 cents in a third straight day of declines.

U.S. West Texas Intermediate (WTI) crude futures were trading at $49.13 per barrel, down 20 cents. The Globe and Mail Report

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) shares PBR: 5.83 -0.23 (-3.80%) at Monday in New York trading. Shares of company were moving below of 50 days simple moving average with -9.96% while 200 days simple moving average with 16.60%. In the liquidity ratio analysis; debt to equity ratio was 1.69. The company has the institutional ownership of 9.50 percent while the Beta factor was 2.53. Petroleo Brasileiro SA Petrobras, as of current trade, has shown weekly downbeat performance of  -9.46 percent which was maintained at -24.16 percent in 1-month period.  According to Reuters, The Brazilian interim government’s new minister tasked with combating corruption was heard on leaked audio tapes criticizing the sprawling graft investigation at state-run oil company Petrobras and advising the Senate leader caught up in the probe.

Globo TV on Sunday aired a partial recording of a late February meeting between new Transparency Minister Fabiano Silveira, Senate leader Renan Calheiros and Sergio Machado, an ex-senator and former head of the transportation arm of Petrobras.

Machado, who is under investigation in the Petrobras case, has since turned state’s witness and secretly recorded the meeting with Silveira and Calheiros.

Last week one of Temer’s most important confidants, Senator Romero Juca, was forced from his new role as the powerful planning minister after a leaked audio, also recorded by Machado before Rousseff’s suspension, revealed him suggesting a pact made across party lines for politicians to weaken the investigation.

The two-year probe into billions in graft at Petrobras has led to jail for top executives from Brazil’s biggest construction firms and investigations of dozens of top politicians, counting several members of Temer’s Brazilian Democratic Movement Party, or PMDB, and Rousseff’s Workers Party. Reuters Report

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