Energy stocks are higher in late trade, with the NYSE Energy
Sector Index easing slightly heading into the close with a 0.9%
Crude oil futures also are higher, underpinned by rising equity
prices and expectations for future growth, with crude for February
delivery up 91 cents to $102.22 a barrel; Brent crude is higher as
well, with the February rising 0.9% to $113.44 a barrel. February
natural gas is paring its losses late, currently trading down about
7 cents at $2.941 per million British Thermal Units.
In company news, Talisman Energy (
) was higher after saying it plans to spend just over $4 billion
during 2012, focusing on profitable liquids opportunities. It also
plans to divest between $1 billion and $2 billion of non-core
assets this year.
) also was ahead by nearly double digits this afternoon after
earlier saying Chief Executive Officer Marvin Romanow was leaving
the exploration and production company, effective immediately. CFO
Kevin Reinhart will serve as interim CEO during the upcoming
) reportedly is asking the U.S. Environmental Protection Agency to
suspend public comment on a draft report researching whether there
was a link between hydraulic fracturing used at a natural-gas site
in Wyoming and possible ground-water pollution. The company told
the Associated Press the agency hasn't been clear about specific
questions covered in the report.
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