Can These 3 Energy Stocks Compete With Big Oil?

It has been an exciting week in the markets, and it’s only Monday.  After the President’s Sunday night address about Osama Bin Landen, The Dow (NYSE:DIA) traded as high as 12,876, before closing down at 12,807.   The S&P 500 (NYSE:SPY) also closed slightly lower.  Oil (NYSE:USO) has pulled back, while the US Dollar (NYSE:UUP) has found some type of footing.

In addition to historic headlines, investors will also need to pay attention to earning releases.  These 3 companies reported earnings on Monday:

1) Chesapeake Energy (NYSE:CHK): Shares are down more than 3.5% after the natural gas company released Q1 earnings.  EPS of 75 cents beat estimates by 5 cents.  Revenue decreased a whopping 42% from last year to $1.6 billion. This was a huge miss, as investors were expecting $2.7 billion.  Due to unsuccessful hedging, the company reported a loss of $205 million for the quarter.  The company competes with Anadarko Petroleum (NYSE:APC), BP (NYSE:BP), and ConocoPhillips (NYSE:COP).

2) Massey Energy (NYSE:MEE): The company reported a lump of coal after the closing bell.  The company produced a Q1 net loss of $7.7 million (-7 cents per share), analyst estimates were expecting a net gain of 58 cents per share.  First quarter results were hurt by the Upper Big Branch explosion, which caused the company to take a $12.4 million hit. Another $18.4 million was lost on derivative instruments.  Other coal plays include: Arch Coal (NYSE:ACI), Peabody Energy (NYSE:BTU), and Consol Energy (NYSE:CNX).

3) Anadarko Petroleum (NYSE:APC): After rising 1.79% during regular market hours, shares are now trading nearly 1% lower in late trading.  After the closing bell, the oil and gas company reported Q1 results.  EPS of 72 cents per share beat estimates by 14 cents.  Revenue increased 4% from last year to $3.3 billion.  Investors may also want to consider Chesapeake Energy (NYSE:CHK), Exxon Mobil (NYSE:XOM), and Chevron (NYSE:CVX).

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Disclosure: No positions