EmailThe S&P Energy Sector +0.2% is trading above the broader market at +0.1%. Jan crude oil is +1.1% at $89.89/barrel, Jan natural gas is +1.4% at $3.61/MMBtu, Jan RBOB is +0.8% at $2.75/gallon, and Jan heating oil is +0.8% at $3.08/gallon. Gainers on news: LPH (+8.9%) Longwei Petroleum warrants expired, CLR (+6.9%) Continental Resources successfully completed initial test well in third bench of the Three Forks Reservoir in the Bakken Field, SD (+2.6%) SandRidge Energy: TPG-Axon Management disclosed 6.5% stake in amended 13D filing out Friday after the close; up from 6.2% on 11/13, PAA (+0.9%) Plains All Amer announced that it has commenced a public offering of two series of senior notes; size not disclosed, REN (+0.5%) Resolute Energy acquired oil production and acreage for ~ $120 mln; expanded Permian Basin operations, TLP (+0.5%) TransMontaigne Partners L.P. announced that it has received the approval of Morgan Stanley (MS) to participate in the BOSTCO project, NRGY (+0.2%) Inergy reported that FY13 Adjusted EBITDA guidance is expected to be ~$260 mln. Decliners on news: SXC (-8.5%) SunCoke Energy elects to defer the proposed IPO of the equity of its subsidiary, TPCG (-6.8%) TPC Group Board of Directors urged stockholders to approve transaction with First Reserve Corporation and SK Capital Partners; Innospec (IOSP) has withdrawn its proposal to acquire TPCG, EQU (-3.8%) Equal Energy stated they are committed to balanced, prudent strategy; rejected dissidents' 'reckless demands', MMR (-1.2%) McMoRan Exploration updated operations at Davy Jones No. 1; recent operations to stimulate the well by injecting a solvent to dissolve the barite had limited success, OILT (-1.2%) Oiltanking Partners filed for a $600 mln mixed securities shelf offering and also filed for a ~7.95 mln common unit shelf offering by selling unitholders, TAHO (-0.9%) Tahoe Resources updated Escobal drlling; since last update, 49 new drillholes for 34,715 metres have been completed on the Escobal vein, bringing the project total to 399 holes for 156,384 metres.
Broker calls: CLR (+6.9%) Continental Resources upgraded at Stifel Nicolaus, TOT (+0.7%) Total S.A. upgraded at Deutsche Bank, GLOG (-0.7%) GasLog: Heard ests and tgt increased at JPMorgan, OXY (-0.5%) Occidental Petro downgraded at Deutsche Bank, RDS.A (-0.3%) Royal Dutch Shell downgraded at Deutsche Bank.
