27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Chesapeake Energy Corporation (NASDAQ:CHK) disclosed that its merger with Southwestern Energy Company (NYSE:SWN) is expected be delayed as the FTC requested additional information and documentary materials from both companies.
Consequently, Chesapeake and Southwestern now expects the merger to be completed in the second half of 2024. Earlier, the companies expected the deal to close in the second quarter of 2024.
Also Read: Drilling Deep: Analyst Outlines Chesapeake Merger Synergies, Delays Due To Regulatory Risks
The issuance of the second request extends the waiting period imposed by the HSR Act until 30 days after the companies have substantially complied with the Second Request, unless that period is extended voluntarily by the parties or terminated sooner by the FTC.
In January 2024, both companies inked a merger deal through an all-stock transaction valued at $7.4 billion, or $6.69 per share, based on Chesapeake’s closing price on January 10, 2024.
At this exchange ratio and the respective share prices on January 10, 2024, the combined company would have an enterprise value of around $24 billion.
Investors can gain exposure to the stock via Invesco Energy Exploration & Production ETF (NYSE:PXE) and Texas Capital Funds Trust Texas Capital Texas Oil Index ETF (NYSE:OILT).
Price Action: CHK shares are down 0.10% at $89.23 on the last check Friday.
Photo via Shutterstock
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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