Energy stocks are fractionally lower today as a group with the
NYSE Energy Sector Index slipping 0.25% while the S&P Energy
Index is down 0.28%. Crude oil for August delivery is down 13 cents
at $79.08 a barrel. July natural gas is off 2 cents at $2.672 per 1
In company news, WSP Holdings Limited (
) is now down 4% at around $1.23, but off a day low $1.10 after the
oilfield services company reported a Q1 net loss of $0.81 a share,
wider than the $0.67 a share loss in the year-ago quarter. Revenues
declined 1.3% to $129.5 million. There currently is no analyst
coverage for the company.
In other news,
(+) NXY, (+3.3%) Reaches 2 milestones at Long Lake, Alberta,
upgrade, producing first oil from pad 12 and initial steam into pad
(-) SZYM, (-5%) Breaks ground on renewable-oil production
facility adjacent to BG Moema sugarcane mill in Brazil.
(-) BP, (0.1%) Sells minority interest in UK North Sea oil &
gas fields to Mitsui & Co. for $280 million cash.
(+) LPH, (+6.7%) Chinese refiner reports 4.6% year-over-over
increase in revenues during April and May to $89 million.
(-) SM, (+0.7%) Exploration & production company launches
$300-million offering of senior unsecured notes due 2023. Proceeds
to repay existing debt.
(+) GEVO, (+8.9%) Partnering with BIOF to explore high-volume
production of isobutanol. BIOF shares down 1.1%.
(-) KBR, (-0.8%) Selected by Hoegh LNG for preliminary front-end
engineering and design studies for offshore natural gas projects in
Australia and Israel.
(-) PDC, (-2.7%) Received authorization to transfer stock
listing to New York Stock Exchange beginning on Thursday.