Referenced Stocks

Sector Update: Energy Up Despite Dip in Oil Price

By Midnight Trader,  June 08, 2010, 08:44:15 AM EDT

Dow Jones U.S. Oil & Gas Index: 439.00 Monday regular session close

NYMEX Benchmark Crude: -0.20 (-0.28%) to 71.92

Top Energy Stocks

XOM: +0.56%

CVX: +0.41%

SLB: +1.05%

OXY: +0.30%

COP: +0.82%

Energy shares are up before the bell, even though oil prices are slipping as equities markets worldwide remain sluggish. A senior executive at ConocoPhillips ( COP ) told Reuters that the company is interested in bolstering its upstream operations in Malaysia. FuelCell Energy ( FCEL ) reported its loss narrowing in the second quarter, with net loss reaching $16.7 million, or 20 cents a share, compared with $19.9 million loss, or 29 cents a share, a year ago. SunPower ( SPWRA ) will build a 9.1-megawatt solar power plant in Spain for the Naturener Group from this month. BP ( BP ) continues to face the wrath of President Obama, who said he would have sacked its CEO Tony Hayward by now if he were Hayward's boss.




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: BP, COP, FCEL, SPWRA



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