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Last Update: 07-Feb-13 12:08 ET
S&P Energy Index is trading lower, in-line with the S&P 500
The S&P Energy Sector (-0.6%) is trading even with the broader market (-0.6%) Mar crude oil is -0.7% at $95.96/barrel and Mar natural gas is -2.6% at $3.33/MMBtu. Trading higher following earnings/guidance: GEOS (+13.9%), HOS (+8.15), GPRE (+7.5%), PTEN (+7.0%), TSO (+3.3%), PNG (+2.5%), MTRX (+1.5%), STO (+0.1%); Trading lower: NBL (-0.7%), PAA (-0.4%). Sector news: ISRL (+2.2%) Isramco, Inc. announced Special Investigative Committee Final Report; SIC determined that the co has not engaged in wrongdoing of any sort, BBEP (-4.2%) Breitburn Energy priced public offering of 13 mln common units at $19.86 per unit, GNE (-3.0%) Genie Energy announced extension of exchange offer, SD (-1.6%) SandRidge Energy: TPG-Axon released presentation to SD stockholders; detailed TPG-Axon's path to creating value, PXD (-1.2%) Pioneer Natural Resources announced it added proved reserves totaling 161 MMBOE during 2012 from discoveries, extensions, improved recovery and technical revisions of previous reserve ests, CVX (-0.9%) Chevron announced further natural gas discovery offshore Australia, GASS (-0.3%) Stealthgas filed for $200 mln mixed securities shelf offering. Broker calls: TTI (+3.3%) TETRA Tech upgraded at Sterne Agee, NOA (+2.3%) North American Energy upgraded at BMO Capital Mkts, GDP (+2.3%) Goodrich Petroleum upgraded at RBC Capital Mkts, GPOR (+0.3%) Gulfport Energy target raised to $60 from $45 at C.K. Cooper, SYRG (+0.3%) Synergy Resources initiated with a Buy at Canaccord Genuity; tgt $8, FANG (-1.9%) Diamondback Energy downgraded at Tudor Pickering.
