blue-chip

One NASDAQ: Listed Oil & Gas Exploration Stock at Resistance Level: Expand Energy Corporation

Nov 12, 2024 | Team Kalkine

Read Time :5 min

One NASDAQ: Listed Oil & Gas Exploration Stock at Resistance Level: Expand Energy Corporation — Image source: shutterstock

EXE

Investment Type

Large-cap

Risk Level

Action

Rec. Price (US$)

Expand Energy Corporation

Company Overview: Expand Energy Corporation, formerly (Chesapeake Energy Corporation) is an independent natural gas producer in the United States. The Company is focused on developing a supply of natural gas, oil and natural gas liquids to expand energy access for all. Its large-scale assets are concentrated across more than 938,000 net acres in the Appalachia and Haynesville basins.

As per our previous US Inflation Report published on ‘CHK’ on 23^rd August 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 72.23 based on “decent fundamentals, upside valuation, technical analysis and associated risks” and the stock price has now moved by ~32.55% since then and attained both resistance 1 and resistance 2.

*Chesapeake Energy Corporation and Southwestern Energy Company have successfully completed their previously announced merger, resulting in the formation of a new entity, Expand Energy Corporation. The combined company, now rebranded as Expand Energy, will begin trading publicly on the NASDAQ under the ticker symbol “EXE” starting October 2, 2024.

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Disclaimer-

Kalkine Equities LLC, with Delaware File Number 4697384, Foreign Qualification Registration in California File Number 202109211078, and Texas File Number 805521396, is authorized to provide general advice only. The information on https://kalkine.com/ does not take into account any of your investment objectives, financial situation or needs. You should consider the appropriateness of advice taking into account your own objectives, financial situation and needs and seek independent financial advice before making any financial decisions. The link to our Terms and Conditions and Privacy Policy has been provided for your reference. On the date of publishing the reports (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.

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