Southwestern Energy Company (NYSE:SWN) Stock Continues to Fall: Where is the Bottom?
Leading US producer of natural gas and natural gas liquids developing energy assets and shale gas business, Southwestern Energy Company (NYSE:SWN), on confirmed that Carl Giesler Jr will be joining the firm as Executive Vice President and Chief Financial Officer on July 19, 2021.
Michael Hancock will be continuing as Vice President – Finance & Treasurer. Bill Way, President and CEO said that Carl’s distinctive strategic perspective will complement the firm’s existing strategy and build strong momentum. He also thanked Michael on the contribution towards the firm. Giesler has over 25 years of experience in gas and oil finance serving in a number of roles. He received a bachelor’s degree from University of Virginia and a juris doctorate from Harvard Law School.
The company also confirmed executing agreement on obtaining independent responsibly sourced gas certification through Project Canary’s stringentTrustwell standards. Southwestern will be harnessing the analytics platform across Appalachia wells and expands the company’s existing relationship since 2017.
Bill Way said that responsibly developing energy is core part of Southwestern and is proud to be moving in ESG, focusing on performance, disclosure and transparency. He added that the company became the largest independent producer for monitoring entire base production in 2017 and feels natural gas will facilitate a lower carbon future.
Market Reaction:
On Friday, SWN stock fell 4.37% at $4.81 with more than 11.69 million shares, compared to its average volume of 13.42 million shares. The stock has moved within a range of $4.7900 – 5.1200 after opening the trade at $5.12. Over the past 52-week, the stock has been trading within a range of $2.1800 – 5.8500.
