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


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Companies Mentioned

NYSE:CHK / NYSE:DVN / NYSE:ECA / NYSE:XOM
01/14/2014 [ACCESSWIRE]

Natural gas prices rose sharply Monday as projected temperatures in late January have increased heating demand for the commodity. Natural gas for February delivery increased by 5.5 percent the largest percentage gain since September 11th. Recent analysts’ estimates have predicted the U.S. Energy Information Administration (EIA) to report 300 billion cubic feet decline in inventories for the week ended Jan. 10th, which would be the largest decline since the week ended Dec. 13th. According to data from the EIA, natural gas inventories are currently at 2.817 trillion cubic feet, its lowest since 2008.

Chesapeake Energy Corporation (NYSE: CHK) shares traded in the range of $25.04 to $25.97 Monday before settling to close at $25.15, a decrease of 1.84 percent. The stock appears to be facing some resistance at the $25.41 and $25.89 levels with some support at $24.69. Shares of Chesapeake Energy have gained approximately 50.0 percent in the past year.

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 $59.02 to $60.79 Monday before settling to close at $59.18, a decrease of 2.23 percent. The stock appears to be facing some resistance at the $59.22 and $60.46 levels with some support at $58.68. Shares of Devon Energy have gained approximately 9.0 percent in the past year.

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 $17.21 to $17.68 Monday before settling to close at $17.29, a decrease of 1.20 percent. The stock appears to be facing some resistance at the $17.36 and $17.76 levels with some support at $17.22. Shares of Encana have fallen approximately 12.0 percent in the past year.

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

Exxon Mobil Corporation (NYSE: XOM) shares traded in the range of $98.27 to $100.10 Monday before settling to close at $98.55, a decrease of 1.96 percent. The stock appears to be facing some resistance at the $98.72 and $99.68 levels with some support at $97.22. Shares of Exxon Mobil have gained approximately 10.0 percent in the past year.

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

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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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