EmailThe S&P Energy Sector -0.3% is trading below the broader market at -0.1%. Jan crude oil is -1.0% at $86.30/barrel, Jan natural gas is -3.4% at $3.76/MMBtu, Jan RBOB is -1.1% at $2.67/gallon, and Jan heating oil is -0.6% at $3.01/gallon. Gainers on news: GPOR (+14.4%) Gulfport Energy reported Utica Shale results and announced first sales through MarkWest (MWE) Harrison County Gas Processing Complex, NTI (+1.1%) Northern Tier Energy process unit upset; operations restored to normal status, CPE (+1.0 %) Callon Petroleum announced agreement to sell deepwater Habanero interest for $42 mln, SE (+0.3%) Spectra Energy: Ontario Energy Board decision to result in ~$30 mln charge in Q4. Decliners on news: WTI (-5.4%) W&T Offshore provided an update on Big Bend prospect, operations update and revised production guidance; co expects production rate at the end of 2012 to be ~ 50,000 Boe per day, or 300 MMcfe per day, EQU (-1.7%) Equal Energy concluded strategic review process; announced new dividend and sale of royalty assets, GLNG (-1.5%) Golar LNG: Reuters reported GLNG said Board has proposed that the cash dividend be increased by $0.025 to a total of $0.425 a quarter, BP (-0.9%) BP: EPA said that BP temporarily suspended from new contracts with U.S. Federal Government; co sold its stakes in North Sea fields to Abu Dhabi National for $1.1 bln, according to reports, SN (-0.7%) Sanchez Energy appointed a new Exec Chrmn and COO, NXY (-0.8%) Nexen: Canada still looking at all the options for the Cnocc (CEO)/NXY bid, according to reports, OKS (-0.6%) ONEOK Partners elects not to proceed with Bakken Crude Express pipeline project.
Broker calls: PES (+3.8%) Pioneer Energy upgraded at Deutsche Bank, HERO (+2.7%) Hercules Offshore upgraded at Deutsche Bank, BPZ (+2.7%) BPZ Energy initiated with an Accumulate at Global Hunter Securities; tgt $3.25, NBR (+1.0%) Nabors Industries upgraded at Deutsche Bank, E (+0.4%) ENI S.p.A.: Heard upgraded at Morgan Stanley, SXE (+0.4%) Southcross Energy initiated with an Outperform at Raymond James, FANG (+0.4%) Diamondback Energy initiated with a Buy at Tudor Pickering, GDP (+0.1%) Goodrich Petroleum upgraded at Iberia, REN (-5.4%) Resolute Energy downgraded at BMO Capital Mkts, BRY (-2.4%) Berry Petroleum downgraded at BMO Capital Mkts, ESV (-2.3%) Ensco downgraded at Deutsche Bank, RDC (-2.0%) Rowan Cos downgraded at Deutsche Bank, SDRL (-1.2%) Seadrill Ltd downgraded at Deutsche Bank, DKL (-1.1%) Delek Logistics Partners initiated with an Outperform at Raymond James, PTEN (-0.7%) Patterson-UTI upgraded at Deutsche Bank. Read more: http://www.briefing.com/InPlayEq/InPlay/InPlay.htm#ixzz2DXD0UQNO Under Creative Commons License: Attribution Follow us: @Briefingcom on Twitter | Briefingcom on Facebook
