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Last Update: 24-Oct-12 09:57 ET
S&P Energy Index is trading lower, underperforming the S&P 500
The S&P Energy Sector -0.2% is trading below the broader market at +0.1% Dec crude oil is -0.5% at $86.27, Nov natural gas is -1.2% at $3.49/MMBtu, Dec RBOB is +0.2% at $2.60/gallon, and Dec heating oil is +0.1% at $3.03/gallon. Trading higher following earnings/guidance: LPH (+4.0%), NBR (+3.3%), RES (+3.3%), PVR (+1.9%), ECA (+0.2%); Trading lower: NFX (-7.1%), FTI (-4.5%), SXC (-2.7%). Gainers on news: AMCF (+4.0%) Andatee China Marine Fuel Services disclosed that on Oct 20, Daszkal Bolton LLP ceased being co's independent auditor, SEP (+2.5%) Spectra Energy LP to acquire 50% of Spectra Energy Corp's (SE) 77.53% interest in Maritimes & Northeast Pipeline, CEO (+1.5%)
CNOOC Ltd reported that Q3 achieved a total net production of 87.8 million barrels of oil equivalent, LNCO (+1.0%) LinnCo announced first quarterly cash dividend of $0.71 per share, SFL (+0.8%) Ship Finance Intl announced acquisition of two car carriers in combination with five-year charters, NXY (+0.8%) Nexen: Bloomberg discussed that Cnooc (CEO)/NXY could still go through despite report that 7-Canada has blocked $5.2 bln Petronas bid for Progress Energy, MRO (+0.1%) Marathon Oil co has engaged in discussions with respect to a potential sale of a portion of its 20% outside-operated interest in the Athabasca Oil Sands Project in Alberta, Canada; announced public offering of senior notes. Decliners on news: PCXCQ (-4.7%) Patriot Coal named Bennett K. Hatfield CEO and appointed Michael Scharf Chairman; Irl F. Engelhardt to Step Down as Chairman and CEO, KOG (-1.0%) Kodiak Oil & Gas reported Q3 sales volume +25% QoQ (88% crude oil mix), PXP (-0.3%) Plains Exploration announced pricing of $3 bln of senior notes. Broker Calls: EOX (+1.7%) Emerald Oil tgt lowered to $8 from $10.50 at C.K. Cooper, GLNG (+1.1%) Golar LNG upgraded at Wells Fargo, NRGM (+0.3%) Inergy Midstream initiated with an Overweight at JP Morgan, PVA (-2.5%) Penn Virginia resumed with a Neutral at Credit Suisse, HLX (-0.9%) Helix Energy upgraded at Johnson Rice, NRGY (-0.3%) Inergy initiated with a Neutral at JP Morgan.
CNOOC Ltd reported that Q3 achieved a total net production of 87.8 million barrels of oil equivalent, LNCO (+1.0%) LinnCo announced first quarterly cash dividend of $0.71 per share, SFL (+0.8%) Ship Finance Intl announced acquisition of two car carriers in combination with five-year charters, NXY (+0.8%) Nexen: Bloomberg discussed that Cnooc (CEO)/NXY could still go through despite report that 7-Canada has blocked $5.2 bln Petronas bid for Progress Energy, MRO (+0.1%) Marathon Oil co has engaged in discussions with respect to a potential sale of a portion of its 20% outside-operated interest in the Athabasca Oil Sands Project in Alberta, Canada; announced public offering of senior notes. Decliners on news: PCXCQ (-4.7%) Patriot Coal named Bennett K. Hatfield CEO and appointed Michael Scharf Chairman; Irl F. Engelhardt to Step Down as Chairman and CEO, KOG (-1.0%) Kodiak Oil & Gas reported Q3 sales volume +25% QoQ (88% crude oil mix), PXP (-0.3%) Plains Exploration announced pricing of $3 bln of senior notes. Broker Calls: EOX (+1.7%) Emerald Oil tgt lowered to $8 from $10.50 at C.K. Cooper, GLNG (+1.1%) Golar LNG upgraded at Wells Fargo, NRGM (+0.3%) Inergy Midstream initiated with an Overweight at JP Morgan, PVA (-2.5%) Penn Virginia resumed with a Neutral at Credit Suisse, HLX (-0.9%) Helix Energy upgraded at Johnson Rice, NRGY (-0.3%) Inergy initiated with a Neutral at JP Morgan.
