Top Energy Stocks
Energy shares were trading flat to higher in pre-market trade
Monday as energy futures were higher.
Light, sweet crude oil for May delivery was up 0.46% at $99.92
per barrel. In other energy futures, heating oil was up 0.30% at
$2.92 per gallon while natural gas was up 0.28% at $4.32 per
million British thermal units.
In energy ETFs, the United States Oil Fund (
) was flat at $35.84. The United States Natural Gas ETF (
) was up 0.29% at $23.98.
In other energy news, Jones Energy, Inc. (
) said Jones Energy Holdings, a subsidiary of the company, and
Jones Energy Finance Corp., a subsidiary of JEH, will offer $300
million in aggregate principal amount of senior unsecured notes due
2022 in a private placement to eligible purchasers.
Jones Energy intends to use the net proceeds of the offering to
repay all outstanding borrowings under the company's existing
second lien term loan facility and pay down borrowings under its
senior secured revolving credit facility.
JONE closed up 3.3% Friday, trading in a 52-week range of $13.05
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