Top Energy Stocks
Energy shares were higher in pre-market trade Wednesday while crude oil futures were trading higher.
Light, sweet crude oil for April delivery was up 0.5% at $102.36 per barrel. In other energy futures, heating oil was up 0.02% at $3.04 per gallon while natural gas was down 2.45% at $4.58 per million British thermal units.
In other energy news, oil-and-gas company Chesapeake Energy ( CHK ) swung to a Q4 loss on charges related to a reduction of leverage and balance-sheet complexity, and its adjusted earnings missed Street estimates even as revenue rose more than expected.
The company posted a Q4 net loss available to common stockholders of $159 million, or $0.24 per share, compared with a prior-year profit of $250 million, or $0.39 per share. The latest quarter included charges that were the result of the company's strategic decision to reduce leverage and balance-sheet complexity.
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