Top Energy Stocks
XOM +0.8%, near year highs
Energy stocks are higher today with the NYSE Energy Sector Index
rising 0.7% and the S&P Energy Index gaining 1.3%. Crude oil
for November delivery is up $1.28 to $91.26 per barrel. November
natural gas is up 3 cents to $3.24 per 1 million BTU.
In company news, Shares of Royale Energy Inc (
) are up about 34% at around $4.40 but well off a day high $5.23
after the company reaffirmed plans to develop its acreage in Alaska
near an area where privately held Great Bear Petroleum Operating
LLC has said it could find oil.
ROYL will develop nearly 100,000 acres immediately adjacent to
Great Bear's acreage, it said in a statement on Thursday that also
carried an article published in Petroleum News about Great Bear's
Alaska oil program.
In other sector news,
(-) HUSA, (-3%) Said drilling on the Zorro Gris #1 well - the
company's third well on its CPO 4 block in Colombia - reached 7,400
feet as of Sept. 25. It has a target depth of 13,094 feet.