The S&P Energy Sector +0.3% is trading even with the broader market at +0.3%. Jan crude oil is +2.0% at $88.21/barrel, Jan natural gas is -1.9% at $3.73/MMBtu, Jan RBOB is +1.3% at $2.72/gallon, and Jan heating oil is +1.4% at $3.06/gallon. Trading higher following earnings: SFL (+4.2%). Gainers on news: HERO (+4.9%) Hercules Offshore disclosed it received a cash payment of $10 mln from Angola Drilling Company, RRC (+1.3%) Range Resources announced two new wells with 24-hour initial production rates to sales each greater than 1,000 boe per day averaging 82% liquids, CHK (+1.0%) Chesapeake Energy Director bought 40,000 shares at $17.15-17.32 worth ~ $700K, WNR (+0.2%) Western Refining Director sold 100,000 shares at $28.00-28.46 worth ~ $2.8 mln. Decliners on news: DNN (-0.9%) Denison Mining announced plan of arrangement with JNR Resources Inc., DK (-0.7%) Delek CFO and Unit Pres sold 94,733 shares at $25.00-26.089 worth ~ $2.4 mln.
Broker calls: HERO (+4.9%) Hercules Offshore upgraded at boutique firm, SARA (+4.0%) Saratoga Resources initiated with a Buy at Landenburg Thalmann, EOG (+1.2%) EOG Resources upgraded at Macquarie, LINE (+0.9%) Linn Energy resumed with a Buy at Citigroup, OAS (+0.4%) Oasis Petroleum initiated with a Buy at Landenburg Thalmann, LNCO (+0.2%) LinnCo initiated with a Buy at Citigroup, DVN (+0.1%) Devon Energy downgraded at CapitalOne.