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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: ENB

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