Top Energy Stocks
Energy stocks were padding their gains in late trade with the
NYSE Energy Sector Index climbing 1.0% while shares of energy
companies in the S&P 500 were up 0.9% as a group. Crude oil for
May delivery settled $1.02 higher at $101.28 per barrel while April
natural gas jumped 18 cents to finish at $4.58 per 1 million
In company news, Vaalco Energy (
) was posting some of its best share prices in over seven years
Thursday after saying scheduled maintenance on its floating,
production, storage and off-loading vessel was completed ahead of
schedule, allowing work to resume at Etame Marin block off the
coast of Gabon in west Africa.
The company also said it took advantage of the down time for the
floating vessel to repair other infrastructure in the same region,
including replacing two electric submersible pumps on the Avouma
EGY shares were ahead nearly 6% in late afternoon trading, just
6 cents off their session high and matching their best levels since
In other sector news,
(+) REXX, Recently adds a second rig to its drilling program of
the Butler Operated Area in Pennsylvania. Now expects Q1 production
will be near the high end of its guidance projecting 115.0 mln to
118.0 mln cubic feet per day.
(+) HFC, Announces plans to expand into the asphalt business
into Oklahoma and surrounding state by securing a long-term lease
for an asphalt terminal in Catoosa, Okla., in addition to its
existing facility in Tulsa. Terms were not disclosed.
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