Top Energy Stocks
Energy stocks are narrowly lower this afternoon, with the NYSE
Energy Sector Index slipping 0.1% while shares of energy companies
in the S&P 500 are down 0.3% as a group. Crude oil for November
delivery has turned lower, sliding 17 cents to $ 102.86 per barrel
while November natural gas is down 2 cents to $3.55 per 1 million
In company news, Emerald Oil Inc. (
) is moderately higher at $7.17 a share, rising 0.7% and rebounding
from a recent intra-day low of $6.99 following choppy trade earlier
in the session after late Thursday pricing a public offering of 15
million shares of its common stock at $6.70 apiece.
The oil and gas company expects to use net proceeds to
accelerate its development and growth plans and fund leases and
In other sector news,
(+) KBR, (+0.7%) US District Court in Manhattan enters $465-mln
judgment confirming International Chamber of Commerce arbitration
award against Pemex Exploration and Production.
(-) MRO, (-0.6%) Stifel Nicolaus downgrade to Hold from Buy,
citing a lack of catalysts to push its share price higher.
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