Home 2021 Sitting on a Cash Pile 12.0? The Focus is on Nat Gas and Crude Oil

Sitting on a Cash Pile 12.0? The Focus is on Nat Gas and Crude Oil

by Paul Ebeling

#cash #bullish #buy

$SWN

Southwestern Energy Co. (NYSE:SWN) broke out on 3 December 2020 at 3.00 and confirmed on 9 March at 3.87. Thus, garnering a LTN Cash Pile buy rating with a 1 yr target price at 8.29/share.

The consensus target is at 4.50. The shares are trading at 3.88 pre-market Wednesday in NY.

The Key support is at 3.30 and the Key resistance is at $4.10, our overall technical analysis is Bullish with a Very Bullish bias long term.

Note: The 1 February gap has been filled.

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States.

It operates through Exploration and Production, and Marketing segments.

The company focuses on the development of unconventional nat gas reservoirs located in Pennsylvania and West Virginia.

As of 31 December 2019, it had approximately 173,994 net acres in Northeast Appalachia; and approximately 287,693 net acres in Southwest Appalachia.

The company’s estimated proved nat gas, Crude Oil, and NGLs reserves comprise 12,721 Bsfe of nat gas equivalent and 929 Bcfe of proved undeveloped reserves.

It also engages in marketing of nat gas, Crude Oil, and NGLs. It serves energy companies, utilities, and industrial purchasers of nat gas.

Southwestern Energy Company was founded in Y 1929 and is HQ’d in Spring, Texas.

Have a healthy day, Keep the Faith!

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.