4 Energy Stock Stories for Tuesday Afternoon Perusal

Chesapeake Energy Corporation (NYSE:CHK): Closing price $19.96

As the energy major looks at its portfolio with the idea of divestitures to bring a large chunk of cash this year, one particular asset it might consider its interest in fellow Oklahoma City energy producer, say analysts with Wells Fargo Securities. On Tuesday, they wrote in a research report that Chesapeake’s 20 percent stake in Chaparral Energy might be worth about $280 million, based on Chaparral’s 2012 earnings before interest, tax, depreciation and amortization, of roughly $340 million. That figure represents a solid growth from the $178 million Chesapeake paid for it in 2006. The now former Chesapeake Chief Executive Aubrey McClendon told The Wall Street Journal previously that the investment was made when the firm, which was then primarily a natural gas producer, wanted to add exposure to rising oil prices.

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CHK

Broadwind Energy (NASDAQ: BWEN): Closing price $4.38

Broadwind reported on Tuesday a $14-million order for towers from a United States wind turbine manufacturer. The company will produce these towers in its Abilene facility with delivery set for the second half of 2013. President and Chief Executive Peter C. Duprey commented that “Since the final months of 2012, we have announced $127 million in tower orders and we are now pleased to report that our Abilene, Texas plant is near capacity for 2013. Weve seen a significant improvement in activity and we are quoting orders for 2014 delivery as the wind energy industry recovers from the downturn at the end of 2012.”

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BWEN

TransCanada Corporation  (NYSE:TRP): Closing price $48.92

The corporation announced Tuesday that it will hold a binding open season to obtain firm commitments from interested parties for a pipeline to carry crude oil from Western Canada to markets in Eastern Canada. The Energy East Pipeline project involves the conversion of  natural gas pipeline capacity in roughly 3,000 kilometers of TransCanada’s existing Canadian Mainline to crude oil service, and the building of around 1,400 kilometers of new pipeline. Some analysts believe that the Energy East Pipeline could eliminate Canada’s dependence upon the higher priced crude oil presently being imported.

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TRP

Spectra Energy Partners (NYSE:SEP): Closing price $38.82

On Tuesday, Spectra announced that it has initiated an underwritten public offering of 4.5 million of its common units representing limited partner interests. Barclays Capital is acting as the sole book-running manager of the offering. The Partnership will also allow Barclays a 30-day option to buy up to 675,000 additional common units.

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SEP

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