Story Stocks®
Archive
Last Update: 09-Jan-13 10:58 ET
S&P Energy Index is trading lower, underperforming the S&P
The S&P Energy Sector -0.4% is trading well below the broader market at +0.4%. Feb crude oil is -0.3% at $92.87/barrel, Feb natural gas is -2.7% at $3.13/MMBtu, Feb RBOB is -1.2% at $2.76/gallon, and Feb heating oil is -0.2% at $3.05/gallon. Trading lower following earnings/guidance: SYRG (-3.8%). Gainers on news: DNN (+4.6%) Denison Mining announced significant increase in mineral resource estimates for the Phoenix deposits, HK (+3.3%) Halcon Resources announced add-on offering of senior notes, SEMG (+2.9%) SemGroup announced plan to pay a cash dividend; Rose Rock Midstream (RRMS) agreed to acquire interest in White Cliffs Pipeline from SEMG for $273.9 mln, REGI (+2.3%) Renewable Energy disclosed estimates tax credit equal to ~ one-third of the number of 2012 gallons sold, TRP (+1.9%) TransCanada selected to develop $6 bln in natural gas infrastructure to Prince Rupert, British Columbia, TLLP (+1.6%) Tesoro Logistics LP priced public offering of 8.5 mln common units at $41.70 per common unit, HES (+0.2%) Hess announced 2013 capital and exploratory budget of $6.8 bln, down 18% from 2012. Decliners on news: CGV (-6.2%) CGGVeritas provided Q4 activity update; vessel availability rate was 93%, SMLP (-5.0%) Summit Midstream Partners announced that it has executed a definitive agreement with affiliates of GSO Capital Partners and Bear Tracker Investments to acquire 100% of the equity interests of Bear Tracker Energy, XTEX (-3.8%) Crosstex Energy priced an underwritten public offering of 7.5 mln common units representing limited partner interests of the Partnership at $15.15 per common unit, MILL (-1.9%) Miller Energy Resources released operational update; workover on RU-3 in Alaska went as planned to a true vertical depth of 11,400 feet. Broker calls: TLLP (+1.6%) Alliance Resource upgraded at Deutsche Bank, ARLP (+1.5%) Alliance Resource upgraded at Deutsche Bank, EXLP (+1.5%) Exterran upgraded at Credit Suisse, APL (+1.1%) Atlas Pipeline reinstated with Overweight at Barclays, EC (+0.5%) Ecopetrol initiated with Equal Weight at Barclays, ACMP (+0.3%) Access Midstream Partners reinstated with Overweight at Barclays, LYB (flat) LyondellBasell target raised to $68 at Dahlman Rose, CEO (-0.7%) CNOOC Ltd downgraded at Mizuho, BWP (-0.3%) Boardwalk Pipeline downgraded at Credit Suisse.
The S&P Energy Sector -0.4% is trading well below the broader market at +0.4%. Feb crude oil is -0.3% at $92.87/barrel, Feb natural gas is -2.7% at