Energy shares are higher in mid-day trading, while crude oil
futures manage to log modest gains but not nearly enough to
compensate for yesterday's plunge. Light, sweet crude for September
delivery traded up 0.8% to $81.93 a barrel. In energy ETFs, the
United States Oil Fund (
) is up 1.27% to $31.91. The United States Natural Gas ETF (
) is up 1.4% at $10.12. In mid-day news, Northern Oil and Gas, Inc.
) is up 32.08% to $17.50 a share after it today announced Q2 fully
diluted EPS of $0.33 and revenue of approximately $35.5 million.
Analysts expected EPS of $0.19 and revenue of $39.07 million.
Meanwhile, Sempra Energy (
) is up 1.1% to $46.09 after it reported Q2 EPS of $0.97, which is
in-line with expectations. Revenue increased 20.6% from the
previous year period to $2.42 billion, which beats by $350
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