Top Five Companies with the Most Net Debt in Oil & Gas Exploration & Production Industry
Chesapeake Energy ranks first with Net Debt of $11.99B, XTO Energy ranks second with Net Debt of $10.48B, and Anadarko Petroleum ranks third with Net Debt of $9.22B. Devon Energy follows with a Net Debt of $6.63B and EnCana rounds out the top five with a Net Debt of $5.81B. SmarTrend, an automated pattern recognition system, has issued alerts on these companies, indicating bearish trends for some and bullish trends for others. For instance, SmarTrend alerted its subscribers to Sell Anadarko Petroleum on April 29, 2010, at $68.81, and the stock has fallen 16.2% since then. Meanwhile, SmarTrend indicated a bullish trend for Chesapeake Energy on April 26, 2010, at $24.69.
Key Takeaways:
- Chesapeake Energy has the highest Net Debt in the oil and gas exploration and production industry, with a total of $11.99B.
- Anadarko Petroleum's bearish trend alert on April 29, 2010, at $68.81, resulted in a 16.2% fall in stock value since the alert was issued.
- SmarTrend's automated pattern recognition system has identified bullish trends in Chesapeake Energy and downtrends in Anadarko Petroleum.
- Devon Energy has a Net Debt of $6.63B, placing it fourth among the top five companies with the most Net Debt in the industry.
- EnCana rounds out the top five with a Net Debt of $5.81B.
Statistics:
- Chesapeake Energy's Net Debt: $11.99B
- XTO Energy's Net Debt: $10.48B
- Anadarko Petroleum's Net Debt: $9.22B
- Devon Energy's Net Debt: $6.63B
- EnCana's Net Debt: $5.81B
- Anadarko Petroleum's stock value fell 16.2% since the sell alert on April 29, 2010
Sources:
- SmarTrend News Watch via COMTEX
- SmarTrend website (mysmartrend.com)
- COMTEX News Network, Inc. (registered trademark of Comtex News Network, Inc.)