Wall Street Fundamentals Releases New In-Depth Stock Reports on CHK, DVN, ECA and LNG


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Companies Mentioned

NYSE:CHK / NYSE:DVN / NYSE:ECA / NYSE:LNG
12/16/2013 [ACCESSWIRE]

Cold weather in recent months has seen natural gas prices rise to two-and-a-half-year highs. Natural-gas future rose 1.7 percent to $4.409 per million British thermal units last Thursday, the highest seen since July 2011. Prices for the commodity have spiked over 26.0 percent since the beginning of November. "There's a lot of people that are getting bullish at these levels," said Jason Williams, a commodity broker for Coquest. "People are worried about supply." Williams believes natural gas prices could rise by another 10 percent before the end of 2013.

Chesapeake Energy Corporation (NYSE: CHK) shares traded in the range of $26.46 to $27.05 Friday before settling to close at $27.00, an increase of 1.01 percent. The stock appears to be facing some resistance at the $27.27 and $28.51 levels with some support at $26.55. Shares of Chesapeake Energy have gained approximately 62.0 percent year-to-date.

More information on Chesapeake Energy and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/CHK

Devon Energy Corp. (NYSE: DVN) shares traded in the range of $59.00 to $59.87 Friday before settling to close at $59.22, a decrease of 0.34 percent. The stock appears to be facing some resistance at the $59.86 and $60.40 levels with some support at $58.79. Shares of Devon Energy have gained approximately 13.0 percent year-to-date.

More information on Devon Energy and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/DVN

Encana Corporation (NYSE: ECA)(TSX: ECA) shares traded in the range of $17.87 to $18.28 Friday before settling to close at $18.15, an increase of 0.67 percent. The stock appears to be facing some resistance at the $18.43 and $18.66 levels with some support at $18.01. Shares of Encana have fallen approximately 8.0 percent year-to-date.

More information on Encana and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ECA

Cheniere Energy, Inc. (NYSEMKT: LNG) shares traded in the range of $40.76 to $42.66 Friday before settling to close at $40.93, a decrease of 3.92 percent. The stock appears to be facing some resistance at the $41.41 and $42.21 levels with some support at $39.80. Shares of Cheniere Energy have gained approximately 115.0 percent year-to-date.

More information on Cheniere Energy and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/LNG

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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