Top Energy Stocks
XOM -0.4%, from near year highs
Energy stocks are little changed in mid-day trading with the
NYSE Energy Sector Index up less than 0.1% and the S&P Energy
Index down about 0.2%. Crude oil for November delivery is down 13
cents at $92.35 a barrel. November natural gas is flat today at
$3.48 per 1 million BTU.
In company news, Lucas Energy (
) is higher today, rising about 4% after executing a term sheet
offer for a joint venture with Milestone Energy LLC to develop oil
and gas properties in the Eagle Ford/Austin Chalk Trend in
Milestone will contribute 80% of project costs, with the company
expecting to spend as much as $100 million.
In other sector news,
(+) BAS, (+2.3%) Priced an upsized $300 million private offering
of 7.750% senior notes due 2022.
(+) STO, (+0.4%) Expected to invest about $7 billion in the
Snoehvit natural gas field in Arctic, according to Reuters, citing
a company spokesman.
(+) VNR, (+0.1%, near year highs) Begins $200 million public
offfering of 7.875% senior notes due 2020. The company previously
offered and sold $350 million of the notes in April.
(-) EQU, (-2.6%) Selling some of its properties in Alberta for
(-) LPI, (-1.9%) Registered to sell up to 12.5 million shares of
its common stock on behalf of a selling shareholder.
(-) GEL, (-3.4%) Starts underwritten secondary public offering
of 6 million equity units by Quintana Capital Group II L.P. and
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