EmailThe S&P Energy Sector -1.1% is trading below the broader market at -0.5%. Jan crude oil is -0.7% at $87.64/barrel, Dec natural gas is -4.2% at $3.74/MMBtu, Jan RBOB is -0.5% at $2.71/gallon, and Jan heating oil is -0.5% at $3.07/gallon.
Trading lower following earnings: SDRL (-1.5%). Gainers on news: ENB (+1.0%) Enbridge to partner in delivering Bakken Crude by rail to Philadelphia refining markets, CMLP (+0.5%) Crestwood Midstream Partners announced bolt-on acquisition of compression assets serving Antero Resources in Northern West Virginia for ~ $95 mln, MHR (+0.3%) Magnum Hunter Resources announced definitive agreement to acquire Williston Basin Properties for $30 mln. Decliners on news: NRGM (-1.8%) Inergy Midstream announced $400 mln private placement of Senior Notes due 2020, BP (-1.1%) BP is considering bringing Russian gas pipeline to UK, according to reports, CAM (-1.0%) Cameron announced that it has received an order from STX Offshore & Shipbuilding, totaling ~$275 mln, COP (-0.7%) ConocoPhillips announced intention to sell interest in North Caspian Sea production sharing agreement (Kashagan) for ~$5 bln.
Broker calls: JRCC (+8.8%) James River Coal upgraded at Raymond James, LNCO (+1.1%) LinnCo initiated with a Strong Buy at Raymond James, BRGYY (-1.4%) BG Group initiated with an Outperform at Exane BNP Paribas, BP (-1.2%) BP initiated with an Outperform at Exane BNP Paribas, REPYY.PK (-1.1%) Repsol SA initiated with a Neutral at Exane BNP Paribas, E (-1.1%) ENI S.p.A. initiated with a Neutral at Exane BNP Paribas, RDS.A (-0.8%) Royal Dutch Shell initiated with a Neutral at Exane BNP Paribas, IMO (-0.6%) Imperial Oil upgraded at CIBC Wrld Mkts, TOT (-0.5%) Total S.A. initiated with an Outperform at BNP Paribas, STO (-0.3%) Statoil ASA initiated with an Outperform at BNP Paribas.
