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Chesapeake to Sap Energy ETFs After Results

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.


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

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