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Last Update: 25-Oct-11 11:35 ET
S&P Energy Sector Down Over One Percent
The S&P Energy Index is lower by 1.3% in late morning trade and is currently underperforming the weakness in the broader market (-1.2%).
Sector Earnings: EC (+0.7%), WFT (+0.5%), DHT (-11.2%), BP (+4.3%), NOV (+0.8%), BTU (-5.6%).
Sector News: HES (-2%) announced plans to develop Tubular Bells Field in the Gulf of Mexico; gross production is expected to peak in the range of 40K-45K barrels of oil equivalent per day; estimated to cost $2.3 bln.
Broker Calls: PTR (-0.1%) was upgraded to Neutral from Sell at Goldman. YZC (-5.3%) was initiated with a Market Perform at Bernstein. GDP (-3.5%) was downgraded to Neutral at Capital One. BEXP (-0.2%) was downgraded to Neutral at MKM Partners.
Sector Earnings: EC (+0.7%), WFT (+0.5%), DHT (-11.2%), BP (+4.3%), NOV (+0.8%), BTU (-5.6%).
Sector News: HES (-2%) announced plans to develop Tubular Bells Field in the Gulf of Mexico; gross production is expected to peak in the range of 40K-45K barrels of oil equivalent per day; estimated to cost $2.3 bln.
Broker Calls: PTR (-0.1%) was upgraded to Neutral from Sell at Goldman. YZC (-5.3%) was initiated with a Market Perform at Bernstein. GDP (-3.5%) was downgraded to Neutral at Capital One. BEXP (-0.2%) was downgraded to Neutral at MKM Partners.
