Top Energy Companies
Shares of energy firms are mostly higher with NYSE Energy Sector
Index up about 0.35% in early afternoon trade. Crude oil futures
are down about 1%, with the February contract off US$1.07 to
US$100.49 a barrel. Heating oil and natural gas futures also are
lower, with natural gas for February delivery falling more than 2%
to fetch an even $3.00 per million British Thermal Units. February
heating oil is down a penny at $3.06 a gallon.
In company news, Statoil ASA (
) is off fractionally with the Norwegian state-controlled company
discovering its second major new oil reserve in the Arctic in less
than one year. Volume of the well is estimated to reach 300 million
barrels of recoverable oil equivalents.
) is lower today with the company announcing a special stock
dividend of 0.53046456 of a share in its SunCoke Energy Inc. (
) unit for each share of Sunoco stock held at the close of business
on Jan. 5. The distribution is scheduled for Jan. 17. The company
plans to issue cash in lieu of fractional SunCoke shares.
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