EmailThe S&P Energy Sector -1.8% is trading below the broader market at -1.1%
Sept crude oil is -1.3% at $87.78/barrel, Sept natural gas is -6.5% at $2.97/MMBtu, Sept RBOB is +1.6% at $2.88/gallon, and Sept heating oil is -0.1% at $2.86/gallon.
Trading higher following earnings/guidance: UDRL (+12.4%), TSO (+11.8%), PQ (-8.9%), HK (+6.7%), END (+5.4%), WNR (+4.1%), PVA (+2.7%), EXH (+2.7%), RNO (+2.3%), NKA (+0.3%), NRGY (+0.1%),XEC (+0.1%), MUR (+0.1%); Trading lower following earnings/guidance: INT (-16.2%), BBG (-13.8%), SM (-13.7%), SGY (-11.9%), HOS (-11.5%), UPL (-7.5%), APA (-5.3%), SFY (-4.8%), BRY (-4.8%), PDCE (-4.0%), DNR (-3.8%), PKD (-3.8%), WMB (-3.8%), MMLP (-3.6%), RDC (-3.6%), SE (-3.4%), VNR (-3.1%), ATW (-2.9%), CVI (-1.5%), PXP (-1.1%), LGCY (-1.1%), EPL (-1.0%), DVR (-1.0%), ENB (-0.9%), WES (-0.9%), WPZ (-0.7%), GEL (-0.5%), EROC (-0.1%). Sector News: HK (+8.6%) Halcon Resources filed for 1.18 mln share common stock offering by selling stockholders; amended revolving credit facility, PQ (+8.5%) PetroQuest Energy announced 'significant' offsetting discovery at its La Cantera Prospect and updates operating activities, OGE (+1.6%) OGE Energy's Enogex signed 15-year agreement with Chesapeake Energy (CHK) for rights to gather and process natural gas production; expects to be accretive to 2012 earnings, SZYM (+0.6%) Solazyme received fuel registration from EPA for SoladieselRD, BWP (-5.4%) Boardwalk Pipeline priced the public offering of 10.5 mln common units at $27.80/unit, PSTR (-3.6%) PostRock Energy announced that White Deer Energy acquired an additional $12 mln of equity in the co, ATW (-2.4%) Atwood Oceanics: Barron's discussed positive view on co saying it could be a takeover tgt, HAL (-2.2%) Halliburton acquired Petris Technology; terms not disclosed, WPZ (-0.8%) Williams Partners is to 'significantly' increase Transco Leidy Line capacity by 2015; deferred balance of proposed Atlantic access, RIG (-0.4%) Transocean: Brazil Court has ordered that co and Chevron (CVX) suspend operations in Brazil.
Broker Calls: FSLR (+26.2%) First Solar upgraded at Robert W. Baird; tgt raised to $30 from $25, TSO (+12.4%) Tesoro upgraded at Howard Weil; tgt $33, MMP (+0.3%) Magellan Midstream tgt raised to $82 from $76 at Wunderlich, MRO (-2.6%) Marathon Oil upgraded at Global Hunter Securities; tgt raised to $31, DVN (-1.8%) Devon Energy downgraded at Macquarie, CAM (-1.6%) Cameron resumed with a Buy at Goldman, WEC (-1.2%) Wisconsin Energy tgt raised to $38 from $35 at Wunderlich, FTI (-0.9%) FMC Tech resumed with a Buy at Goldman.
