Last Update: 11-Jan-13 10:51 ET
S&P Energy Index is trading flat, slightly outperforming the S&P 500
The S&P Energy Sector (flat) is trading above the broader market at -0.2%. Feb crude oil is -0.7% at $93.20/barrel, Feb natural gas is +2.4% at $3.27/MMBtu, Feb RBOB is -2.0% at $2.74/gallon, and Feb heating oil is -1.3% at $3.02/gallon. Gainers on news: CVX (+1.1%) Chevron issued interim update for Q4: Upstream results are projected to be higher between sequential quarters, downstream earnings also expected to be higher, PEIX (+0.8%) Pacific Ethanol to implement yield-enhancing technology at its stockton plant, PGH (+0.1%) Pengrowth Energy announced that its Board of Directors has sanctioned Phase 1 of its Lindbergh thermal bitumen project, FF (+0.1%) FutureFuel announced reassignment of executive officer positions. Decliners on news: TGA (-8.0%) Transglobe Energy provided an operation update on South Mariut; Al Azayem #1 well reached a total depth of 16,391 feet and will be plugged and abandoned, MY (-5.5%) China Ming Yang Wind Power commented on recent trading activity, LRE (-0.7%) LRR Energy L.P. announced revised 2012 guidance; co narrowed 2012 production guidance to 6,300-6,350, from 6,250-6,400, OKS (-0.1%) ONEOK Partners filed for a $300 mln common unit shelf offering representing limited partner interests. Broker calls: GRH (+6.9%) GreenHunter Energy initiated with a Outperform at Boenning & Scattergood; tgt $3, CRK (+1.9%) Comstock upgraded at Brean Capital, ROSE (+1.7%) Rosetta Resources initiated with an Overweight at boutique firm, OAS (+1.4%) Oasis Petroleum upgraded at Tudor Pickering and at Wells Fargo, SYRG (+0.3%) Synergy Resources tgt raised to $7 from $5 at MLV & Co., WPZ (+0.1%) Williams Partners initiated with a Buy at Global Hunter Securities, KOS (-1.9%) Kosmos Energy: Heard downgraded at Tudor Pickering, TRGP (-1.8%) Targa Resources: Heard downgraded at BofA/Merrill, SGY (-1.4) Stone Energy: Heard downgraded at Tudor Pickering, RRC (-0.4%) Range Resources downgraded at Tudor Pickering.
The S&P Energy Sector (flat) is trading above the broader market at -0.2%. Feb crude oil is -0.7% at $93.20/barrel, Feb natural gas is +2.4% at