EmailStory Stocks®
Archive
Last Update: 31-Jan-13 11:11 ET
S&P Energy Index is trading lower by 0.5%, underperforming the S&P 500
The S&P Energy Sector (-0.5%) is trading below the broader market (-0.2). Mar crude oil is -0.8% at $97.20/barrel, Mar natural gas is -2.0% at $3.27/MMBtu, Mar RBOB is -0.8% at $3.01/gallon, and Mar heating oil is -0.1% at $3.10/gallon. Trading higher following earnings/guidance: CLB (+7.5%), CAM (+3.9%), CRR (+3.2%), OXY (+2.7%), CPLP (+1.2%), HP (+1.0%), CNX (+1.0%), ATW (+0.7%), EPD (+0.4%); Trading lower: EXXI (-7.9%), COP (-4.6%), MUR (-3.1%), RDS.A (-2.6%). Gainers on news: LEI (+6.3%) Lucas Energy announced recent results of production and settlement of previously announced litigation, BRY (+3.7%) Berry Petroleum reported production averaged 39,500 BOE/D in 4Q2012, up 9% from quarter ended Sept 30, 2012; co expects year-end 2012 reserves to total 276 MMBOE, APU (+2.2%) AmeriGas Partners filed for 29.567 mln common unit offering representing limited partner interests by Heritage (Selling Unitholder) and a subsidiary of Energy Transfer Partners (ETP), EEQ (+1.8%) Enbridge Management declared distribution of $0.5435 per share, EPL (+0.1%) EPL Oil & Gas provided operational update; 2012 oil exit rate above guidance at ~ 16,500 Barrels (Bbls) per day. Decliners on news: GMLP (-4.8%) Golar LNG Partners announced public offering of 3,900,000 common units, VNR (-4.2%) Vanguard Natural Resources priced its public offering of 8 mln common units representing limited liability company interests in the Company at a price of $27.85/share, MMR (-0.7%) McMoRan Expl updated status of Davy Jones No. 1: rig is being moved off location for several months. Broker calls: PXD (+0.9%) Pioneer Natural Resources downgraded at Societe Generale, NOG (-3.3%) Northern Oil & Gas downgraded at BMO Capital Mkts, MUR (-3.1%) Murphy Oil downgraded at Societe Generale, HES (-1.9%) Hess downgraded at Tudor Pickering, UBS, and Societe Generale; tgt raised to $69 from $56 at Howard Weil, VLO (-0.3%) Valero Energy tgt raised to $44 at Imperial Capital.
