Chesapeake to Sap Energy ETFs After Results

By (Tom Lydon),

Shutterstock photo

Energy exchange traded funds (ETFs) may hit some headwinds Tuesday following quarterly results from from Anadarko Petroleum ( APC ) and Chesapeake Energy ( CHK ).

Both stocks slipped in after-hours trading Monday after the energy companies were out with quarterly earnings.

Chesapeake shares fell more than 3% late Monday as the company said it swung to a quarterly loss.

Energy-sector ETFs have rallied in 2011 on higher oil prices. Energy Select Sector SPDR Fund (NYSEArca: XLE) has jumped nearly 20% year to date.

The iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (NYSEArca: IEO) has 7.3% and 4.3% in Anadarko and Chesapeake, respectively.

Energy Select Sector SPDR Fund (NYSEArca: XLE)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
Referenced Stocks: APC , CHK

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