Energy shares are higher as crude oil futures find upside
momentum after starting the week lower. Light, sweet crude for
August delivery is trading up 1.29% to $96.42 a barrel. In energy
ETFs, the United States Oil Fund (USO) is up 1.42% to $37.82. The
United States Natural Gas ETF (UNG) is up 1.11% at $10.90. In
mid-day news, Northland reportedly upgraded Clean Energy (
) to "outperform" from "market perform." The firm cited Chesapeake
) $150M investment in the company to help fund the development of a
national LNG fueling station network. Meanwhile, Evergreen Solar (
) said in a SEC filing late Monday it is still trying to
restructure its debt, but warns that to significantly deleverage
its balance sheet, any restructuring will involve very significant
or complete dilution to the company's existing stockholders.
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