Shares of Southwestern Energy (SWN) are up 64c, or 10%, to $7.04 after The Wall Street Journal said the company and Chesapeake Energy (CHK) are nearing a merger agreement that would establish a roughly $17B entity. Chesapeake shares are up about 1% to $77.95 following the report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SWN:
- Mizuho downgrades 8, upgrades 3 on defensive oil and gas stance
- Southwestern Energy downgraded to Underperform from Neutral at Mizuho
- Southwestern Energy call volume above normal and directionally bullish
- Citi upgrades Southwestern Energy as part of 2024 E&P outlook
- Citi gets more bullish on Southwestern Energy, upgrades shares