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Last Update: 25-Feb-13 11:25 ET
S&P Energy Index is trading slightly higher, roughtly in-line with the S&P 500
The S&P Energy Sector (+0.3%) is trading just above the broader market (+0.2%). Apr crude oil is +0.1% at $93.25/barrel, Mar natural gas is +2.7% at $3.38/MMBtu, Apr RBOB is +0.1% at $3.27/gallon, and Apr heating oil is +0.3% at $3.11/gallon. Trading higher following earnings/guidance: KWK (+5.0%), TGE (+2.2%), SFL (+1.7%), KOS (+0.1%); Trading lower: GGS (-28.7%).
Gainers on news: CRZO (+3.5%) Carrizo Oil & Gas announced 2012 U.S. proved reserves of 115.1 MMboe, including record proved oil reserves of 39.1 MMbbls, up 58% YoY, and record PV-10 proved reserves value of $1.4 bln, up 64% YoY, REGI (+3.0%) Renewable Energy filed for a $120 mln mixed securities shelf offering and for 4.7 mln shares of common stock by selling stockholders, CAK (+2.5%) CAMAC Energy announced airborne gravity and magnetic data acquisition contract in Kenya, MILL (+2.0%) Miller Energy Resources completed RU-3 Gas Well; RU-3 showed an initial post-workover shut-in pressure of 2,135 PSI, CQP (+1.8%) Cheniere Energy Partners announced registered direct offering of 17.6 mln common units, LPI (+1.7%) Laredo Petroleum announced record production and year-end proved reserves in 2012; increased annual production ~ 31% from 2011, to a record 11.3 MMBOE, NGLS (+0.9%) Targa Resources Partners Director bought 3,000 shares at $40.50 worth ~ $100K, BPL (+0.8%) Buckeye Partners: FERC confirmed Buckeye's current tariff rates and authorized future changes under FERC standard ratemaking methods, sending NYC airport rates to settlement process. Decliners on news: GMXR (-10.2%) GMX Resources announced hiring of a financial advisor, CHK (-4.3%) Chesapeake Energy confirmed $1.02 bln Mississippi Lime joint venture, BP (-2.2%) BP: US officals are putting together a $16 bln BP settlement over Gulf spill, according to reports, ANR (-2.0%) Alpha Natural Resources disclosed investor update in 8-k slides; expects 2013 shipment volumes of ~81-92 mm tons, LYB (-1.1%) LyondellBasell declared interim dividend of $0.40 per share payable March 18, 2013 to shareholders of record on Feb. 25, 2013.
Broker calls: ATLS (+4.8%) Atlas Energy upgraded at Robert W. Baird; tgt raised to $45 from $43, SWN (+3.0%) Southwestern Energy added to Conviction Buy list at Goldman, OXY (+1.4%) Occidental Petro upgraded at Raymond James, PBF (+0.2%) PBF Energy initiated with a Sector Perform at Howard Weil, BBEP (+0.1%) Breitburn Energy initiated with a Buy at Ladenburg Thalmann, KMR (flat) Kinder Morgan Mgmt initiated with an Equal-Weight at Morgan Stanley, TGP (-3.2%) Teekay LNG Partners downgraded at Raymond James, SFY (-2.9%) Swift Energy target lowered to $32 at Ladenburg Thalmann, SM (-2.6%) SM Energy downgraded at BMO Capital Mkts, GDP (-2.2%) Goodrich Petroleum target raised to $14.25 at MLV & Co, BRY (-1.8%) Berry Petroleum downgraded at Susquehanna, GLF (-1.8%) Gulfmark Offshore downgraded at ISI Group, WPZ (-1.6%) Williams Partners downgraded at Global Hunter Securities, TDW (-1.3%) Tidewater downgraded at ISI Group, NBL (-0.7%) Noble Energy removed from Conviction Buy list at Goldman.
Gainers on news: CRZO (+3.5%) Carrizo Oil & Gas announced 2012 U.S. proved reserves of 115.1 MMboe, including record proved oil reserves of 39.1 MMbbls, up 58% YoY, and record PV-10 proved reserves value of $1.4 bln, up 64% YoY, REGI (+3.0%) Renewable Energy filed for a $120 mln mixed securities shelf offering and for 4.7 mln shares of common stock by selling stockholders, CAK (+2.5%) CAMAC Energy announced airborne gravity and magnetic data acquisition contract in Kenya, MILL (+2.0%) Miller Energy Resources completed RU-3 Gas Well; RU-3 showed an initial post-workover shut-in pressure of 2,135 PSI, CQP (+1.8%) Cheniere Energy Partners announced registered direct offering of 17.6 mln common units, LPI (+1.7%) Laredo Petroleum announced record production and year-end proved reserves in 2012; increased annual production ~ 31% from 2011, to a record 11.3 MMBOE, NGLS (+0.9%) Targa Resources Partners Director bought 3,000 shares at $40.50 worth ~ $100K, BPL (+0.8%) Buckeye Partners: FERC confirmed Buckeye's current tariff rates and authorized future changes under FERC standard ratemaking methods, sending NYC airport rates to settlement process. Decliners on news: GMXR (-10.2%) GMX Resources announced hiring of a financial advisor, CHK (-4.3%) Chesapeake Energy confirmed $1.02 bln Mississippi Lime joint venture, BP (-2.2%) BP: US officals are putting together a $16 bln BP settlement over Gulf spill, according to reports, ANR (-2.0%) Alpha Natural Resources disclosed investor update in 8-k slides; expects 2013 shipment volumes of ~81-92 mm tons, LYB (-1.1%) LyondellBasell declared interim dividend of $0.40 per share payable March 18, 2013 to shareholders of record on Feb. 25, 2013.
Broker calls: ATLS (+4.8%) Atlas Energy upgraded at Robert W. Baird; tgt raised to $45 from $43, SWN (+3.0%) Southwestern Energy added to Conviction Buy list at Goldman, OXY (+1.4%) Occidental Petro upgraded at Raymond James, PBF (+0.2%) PBF Energy initiated with a Sector Perform at Howard Weil, BBEP (+0.1%) Breitburn Energy initiated with a Buy at Ladenburg Thalmann, KMR (flat) Kinder Morgan Mgmt initiated with an Equal-Weight at Morgan Stanley, TGP (-3.2%) Teekay LNG Partners downgraded at Raymond James, SFY (-2.9%) Swift Energy target lowered to $32 at Ladenburg Thalmann, SM (-2.6%) SM Energy downgraded at BMO Capital Mkts, GDP (-2.2%) Goodrich Petroleum target raised to $14.25 at MLV & Co, BRY (-1.8%) Berry Petroleum downgraded at Susquehanna, GLF (-1.8%) Gulfmark Offshore downgraded at ISI Group, WPZ (-1.6%) Williams Partners downgraded at Global Hunter Securities, TDW (-1.3%) Tidewater downgraded at ISI Group, NBL (-0.7%) Noble Energy removed from Conviction Buy list at Goldman.
