Top Energy Stocks
COP +0.5%, hit 52 week highs
SLB +0.9%, also hit 52 week highs
Energy stocks are higher today with the NYSE Energy Sector Index
rising and shares of energy companies in the S&P 500 ahead 0.5%
as a group. Crude oil for October delivery is down 88 cents at
$105.71 per barrel. October natural gas is up 3 cents to $3.74 per
1 million BTU.
In company news, Triangle Petroleum Corp (
) is up 3% to $9.38 a share, earlier setting a new a 52-week high
of $9.50 after today announcing plans with First Reserve's
energy-Infrastructure fund, its joint venture partner in Caliber
Midstream Partners LP, to expand the pipeline partnership's
midstream and infrastructure system.
The expanded Caliber system will service all TPLM-operated
acreage in McKenzie County, N.D. The expansion service lines will
include crude oil stabilization and transportation, water
transportation and disposal as well as freshwater delivery
services. It also includes a new pipeline with capacity to carry
50,000 barrels per day from Caliber's central facility to
Alexander, N.D., where the company plans to build a 40,000-barrel
crude oil storage facility.
The expansion project is expected to be completed by next
In other sector news,
(+) APA, (+1.7%) Raised to Outperform from Market Perform at
Oppenheimer, which also set a $100 a share price target.
(-) ALJ, (-1.6%, hit fresh 52 week lows) Closes on $150-mln
private offering of convertible senior notes.