Top Energy Stocks
Energy shares are fairly flat in pre-market, while crude oil
futures are down.
Light, sweet crude oil for January delivery is trading up 0.30%
at $93.02 per barrel. In other energy futures, heating oil is flat
at $3.03 a gallon while natural gas is down $0.02 at $3.94 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) is down 0.06% at $33.44. The United States Natural Gas ETF (
) is up 0.31% at $19.21.
In other energy news, independent natural gas and oil company
Range Resources Corp. (
) said Monday that its board of directors declared a quarterly cash
dividend on its common stock.
The dividend of $0.04 per share, unchanged from the previous
quarter's payout, is payable on December 31, 2013 to stockholders
of record at the close of business on December 16, 2013.
And, independent oil and gas company Ultra Petroleum (
) said Monday that it will offer $400 million in aggregate
principal amount of senior unsecured notes due 2018 in a private
The company intends to use the net proceeds of this offering to
fund a portion of the purchase price of its recently announced
Uinta Basin acquisition.
Shares closed at $20.47 with a 52-week range of $15.26 -
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