The S&P Energy Sector -0.1% is trading just below the flat broader market. Jan crude oil is -0.7% at $88.60/barrel, Dec natural gas is +1.3% at $3.77/MMBtu, Dec RBOB is -0.6% at $2.74/gallon, and Dec heating oil is -0.1% at $3.07/gallon. Trading lower following earnings: NRGY (-1.4%). Gainers on news: HDY (+2.8%) Hyperdynamics announced agreement to sell a 40% interest in Guinea concession, ALDW (+6.6%) Alon USA Partners opened for trading at $17 after pricing IPO at $16 vs. $19-$21 expectation, CQP (+0.9%) Cheniere Energy Partners CEO bought 117,000 shares at $18.00-19.00 worth ~ $2.2 mln, CHK (+1.2%) Chesapeake Energy: Carl Icahn raised stake to 8.9, LNG (+0.5%) Cheniere Energy CEO sold 450,000 shares at $14.05-14.72 worth ~ $6.5 mln, MEMP (+0.4%) Memorial Production Partners filed for a $205 mln common unit offering representing limited partner interests; co to acquire oil and gas properties, announced distribution increase and 2013 guidance. Decliners on news: ARP (-6.4%) Atlas Resource Partners increased 2013 distribution guidance in connection with acquisition of DTE Gas Resouces; announced public offering of 6.8 mln common units, MMLP (-4.0%) Martin Midstream priced public offering of 3 mln of its common units at $31.16 per unit, CJES (-4.0%) C&J Energy announced sale of ~3.3 mln shares of common stock by stockholder, GDP (-2.4%) Goodrich Petroleum Director bought 19,000 shares at $7.99 worth ~ $200K, ACI (-2.0%) Arch Coal unit disclosed it received an imminent danger order, DTE (-0.7%) DTE Energy sold DTE Gas Resources to Atlas Resource Partners (ARP) for $255 mln, OII (-0.1%) Oceaneering International EVP and CEO sold 90,700 shares at $52.00-54.65 worth ~ $4.8 mln.
Broker calls: CLNE (+6.2%) Clean Energy Fuels: heard initiated with Buy at Dougherty; $16 tgt, NBL (+1.6%) Noble Energy initiated with an Overweight at Morgan Stanley, GGS (+1.2%) Global Geophysical initiated with a Hold at Dahlman Rose, SUBCY (+1.0%) Subsea 7 SA upgraded at Credit Suisse, BWP (+1.0%) Boardwalk Pipeline upgraded at Credit Suisse, MPLX (+0.4%) MPLX LP initiated with Equal Weight at Barclays, a Neutral at UBS, a Buy at BofA/Merrill, and an Overweight at Morgan Stanley, PBR (+0.3%) Petrobras Brasileiro downgraded at Raymond James, GEOS (+0.1%) Geospace Tech initiated with a Hold at Dahlman Rose, LPI (-4.7%) Laredo Petroleum downgraded at BMO Capital Mkts, IO (-4.5%) ION Geophysical initiated with a Hold at Dahlman Rose, CJES (-4.1%) C&J Energy tgt raised to $32 from $29 at Dahlman Rose, EOG (-0.4%) EOG Resources initiated with an Equal-Weight at Morgan Stanley.






