The Chesapeake Energy stock price climbed 3% to $7 today after the energy producer announced it will slash its workforce by 15% amid falling natural gas and crude oil prices.
However, shares remain down more than 65% year to date.
By Diane Alter, Contributing Writer, Money Morning -
The Chesapeake Energy stock price climbed 3% to $7 today after the energy producer announced it will slash its workforce by 15% amid falling natural gas and crude oil prices.
However, shares remain down more than 65% year to date.
Here's why the Chesapeake Energy stock price could fall even further from here...
By Diane Alter, Contributing Writer, Money Morning -
The Chesapeake Energy stock price climbed 3% to $7 today after the energy producer announced it will slash its workforce by 15% amid falling natural gas and crude oil prices.
However, shares remain down more than 65% year to date.
Here's why the Chesapeake Energy stock price could fall even further from here...
By Diane Alter, Contributing Writer, Money Morning -
Slumping oil prices have been a benefit at the pumps, but its wreaking havoc on our nation's energy workforce.
Amid a 55% plunge in crude oil prices since last June, there have been roughly 91,000 energy sector layoffs announced since late December.
Warnings about unstainable debt held by energy companies and a burst of bankruptcies are expected to result in more pink slips.
Here's why that's so troublesome for the U.S. economy...