Energy Stocks Edging Higher; Enbridge Powers Ahead After Forecasting In-Line FY13 EPS Guidance


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Top Energy Stocks

XOM +0.27%

CVX +0.28%

COP +0.5%

SLB +0.11%

OXY +1.05%

Energy stocks are slightly higher with the NYSE Energy Sector Index rising about 0.2% and the S&P Energy Index ahead about 0.4%. Crude oil for January delivery is down 25 cents at $86.01 per barrel. January natural gas is down 4 cents at $3.63 per 1 million BTU.

In company news, Enbridge ( ENB ) is up more than 3% today and closing in on a 52 week high of $42.06 after saying it expects FY13 adjusted earnings in a range of $1.74 to $1.90 per share. Analysts polled by Capital IQ are expecting EPS of $1.84. The company's board of directors also announce a 12% increase in its quarterly dividend to $0.315 per common share, payable March 1, 2013 to shareholders of record on Feb. 15, 2013.

In other sector news,

(-) AFG, (-0.15%, from near year highs) Filling stockings with $0.25 a share special dividend payable Dec. 24 to shareholders of record on Dec. 17.

(-) QRE, (-5.4%, nearer to year lows) Prices underwritten public offering of 12 million equity units at $16.24 apiece.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

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