The Zacks Analyst Blog Highlights:Chesapeake Energy, Seventy Seven Energy, Exxon Mobil, Cheniere Energy and Warren Resources

Jul 09, 2014, 09:30 ET from Zacks Investment Research, Inc.

CHICAGO, July 9, 2014 /PRNewswire/ -- announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Chesapeake Energy Corp. (NYSE: CHK-Free Report), Seventy Seven Energy Inc. (NYSE: SSE-Free Report), Exxon Mobil Corp (NYSE: XOM-Free Report), Cheniere Energy Inc. (AMEX: LNG-Free Report) and Warren Resources Inc. (Nasdaq: WRES-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Tuesday's Analyst Blog:

Oil & Gas Stock Roundup

Oil prices suffered another weekly loss as geopolitical forces played their part in dampening sentiments. While tensions over Iraq subsided to ease supply concerns in the Middle East, expectations of increased output from Libya also pressured crude.

However, some of the negative sentiment was counterbalanced by a strong jobs report and larger-than-expected drop in oil stockpiles. By end of trading on Friday in New York, West Texas Intermediate (WTI) crude futures were down 1.9% during the week to close at $103.77 per barrel.

Natural gas also slumped to a three-month low over the course of the week on a larger-than-average supply gain. This was partially offset by expectations of an uptick in electric power demand with forecasts of hotter-than-normal weather conditions across most parts of the U.S. Natural gas prices ended Friday at $4.37 per million Btu (MMBtu), down 1.0% over the week. (See last to last week's recap here: Refiners Sink, Nabors Unit to Merge with C&J Energy)

Recap of the Week's Most Important Stories

1.    Oklahoma City-based predominantly gas producer Chesapeake Energy Corp. (NYSE: CHK-Free Report) has spun off its oilfield services business into a stand-alone, publicly traded company called Seventy Seven Energy Inc. (NYSE: SSE-Free Report). The new entity was earlier held under Chesapeake Oilfield Operating, L.L.C. (Read More: Chesapeake Closes Spin-off; Seventy Seven Energy Debuts)

2.    U.S. energy giant Exxon Mobil Corp's (NYSE: XOM-Free Report) affiliate Esso Belgium – a division of ExxonMobil Petroleum & Chemical B.V.B.A – announced further investments at its Antwerp refinery. (Read More: Exxon to Invest Further in Antwerp Refinery)

3.    Corpus Christi Liquefaction LLC, an affiliate of midstream energy company Cheniere Energy Inc. (AMEX: LNG-Free Report) announced that it has signed a liquefied natural gas ("LNG") sale and purchase agreement (SPA) with the Indonesian state-owned oil and natural gas company, PT Pertamina. This deal follows a similar agreement with Woodside Petroleum Ltd. (Read More: Cheniere Energy Inks Second LNG Deal with Pertamina)

4.    Independent energy company Warren Resources Inc. (Nasdaq: WRES-Free Report) announced that it has acquired certain assets in Pennsylvania's Marcellus Shale from Colorado-based oil and natural gas producer, Citrus Energy Corporation and two other parties that owned working interest in the region. The transaction, which marks Warren Resources' entry into the prolific natural gas basin, was for a purchase price of $352.5 million. (Read More: Warren Resources Enters Marcellus with Citrus Asset Buy)

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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