Top Energy Stocks
Energy shares are mixed in pre-market, while crude oil futures
Light, sweet crude oil for November delivery is trading down
$0.47 at $105.39 a barrel. In other energy futures, heating oil is
up $0.02 at $3.02 a gallon while natural gas is down $0.04 at $3.69
per million British thermal units.
In energy ETFs, the United States Oil Fund (
) is down 0.21% $38.00. The United States Natural Gas ETF (
) is flat at $19.48.
In other energy news, Consolidated Edison (
) has named John McAvoy as its new president and CEO, effective
January 1, 2014. McAvoy will also serve as CEO of ED's principal
subsidiary, Consolidated Edison Company of New York, Inc.
McAvoy will succeed Kevin Burke who will retire as president and
CEO on December 31. ED is flat at $56.58.
And NGL Energy Partners LP (
) is down 5% pre-market, currently trading at $32.86, after
commencing an underwritten public offering of 4.1 million common
units representing limited partner interests. NGL will also grant
the underwriters a 30-day option to purchase up to 615,000
additional common units.
NGL intends to use the net proceeds from this offering to repay
indebtedness incurred in connection with recent acquisitions.
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