Top Energy Stocks
Energy stocks as a group are fractionally lower today with the
NYSE Energy Sector Index slipping 0.25% while the S&P Energy
Index is down 0.28%. Crude oil for August delivery is down 13 cents
at $79.08 a barrel. July natural gas is off 2 cents at $2.672 per 1
In company news, WSP Holdings Limited (
) is down 3% at around $1.32 but well above a day low $1.10 -
compared to a year low $1.03 - after the oilfield services company
reported a Q1 net loss of $0.81 a share, wider than the $0.67 a
share loss in the year-ago quarter. Revenues declined 1.3% to
$129.5 million. There currently is no analyst coverage for the
In other news,
(+) NXY, (+3%) Reaches 2 milestones at Long Lake, Alberta,
upgrade, producing first oil from pad 12 and initial steam into pad
(-) SZYM, (-5%) Breaks ground on renewable-oil production
facility adjacent to BG Moema sugarcane mill in Brazil.
(+) BP, (0.2%) Sells minority interest in UK North Sea oil &
gas fields to Mitsui & Co. for $280 million cash.
(+) LPH, (+6.7%) Chinese refiner reports 4.6% year-over-over
increase in revenues during April and May to $89 million.
(+) SM, (+1%, off year low hit earlier) Exploration &
production company launches $300-million offering of senior
unsecured notes due 2023. Proceeds to repay existing debt.
(+) GEVO, (+8.8%) Partnering with BIOF to explore high-volume
production of isobutanol. BIOF shares down 1.1%.
(-) KBR, (-0.5%) Selected by Hoegh LNG for preliminary front-end
engineering and design studies for offshore natural gas projects in
Australia and Israel.
(-) PDC, (-3.1%) Received authorization to transfer stock
listing to New York Stock Exchange beginning on Thursday.
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