Dow Jones U.S. Oil & Gas Index: 533.64 Tuesday regular
NYMEX Benchmark Crude: +0.17 (+0.19%) to 88.50
Top Energy Stocks
Energy issues are mostly lower pre-market as oil prices fall
ahead of the release of the latest weekly U.S. inventories data.
The energy exploration arm of China National Petroleum Corp.,
PetroChina Co. (
), and Royal Dutch Shell plc (RDSA) have signed an agreement to
study energy projects in Canada and China. Specifically, the two
companies will jointly evaluate the Daning coal bed methane block
in the Ordos basin of Inner Mongolia as well as in Canada. Gastar
Exploration Ltd (
) will buy 59,000 acres in the Marcellus shale from an undisclosed
seller. In September, Atinum Partners had sold half its interest in
the shale to a unit of South Korean investment group Atinum
Partners for $70 million. Savanna Energy Services Corp (SVY)
returned to the black in the third quarter as its operations in
North America recovered. Earnings reached 1.2 million Canadian
dollars, or 2 Canadian cents, compared to a loss of 4.5 million
Canadian dollars, or 6 Canadian cents. Analysts had expected
earnings of 2 Canadian cents a share.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.