Referenced Stocks

Sector Update: Energy Shares Higher at Mid-day; Crude Falls to Just Over $90 a Barrel

By Midnight Trader,  May 29, 2012, 12:19:07 PM EDT

Top Energy Stocks

XOM: -0.4%

CVX: +1.1%

COP: +2%

SLB: +2.2%

OXY: +1.8%

Energy shares are higher in mid-day trading, although Crude for July delivery dropped 0.4% to $90.54 a barrel at 11.50 a.m. on the New York Mercantile Exchange.

In energy news, shares of Samson Oil and Gas ( SSN ) are moving 3.5% higher after the company issued an operational update on the company's drilling activities.

In the update, Samson reported that the Spirit of America #2 well has set an intermediate seven-inch casing at a depth of 9,130 ft., which completed a "significant milestone" in securing the Permian salt section behind pipe, and a "significant" amount of free oil was recovered from samples within this interval.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: SSN



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