Energy stocks are broadly higher today with the NYSE Energy
Sector Index rising 0.9% while shares of energy companies in the
S&P 500 are ahead nearly 1.0% as a group. Crude oil for October
delivery is down 80 cents at $109.73 per barrel. October natural
gas is up 4 cents to $3.57 per 1 million BTU.
In company news, Miller Energy (
) is now slightly lower, swinging between small gains and losses
today after the oil and gas company reported Q1 sales of $13
million, topping the Thomson Reuters mean by around $1.08 million.
Net loss for the quarter was $0.22 per share, wider than forecasts
expecting a $0.17 per share loss.
MILL said it expects to be producing at least 4,000 barrels of
oil equivalent per day by the end of calendar 2013, up 42% over the
same period last year.
In other sector news,
(+) BPZ, (+4.2%) Said Richard Spies will step down as chief
operating officer to rejoin BP (
), effective Nov. 1. Spies will retain his BPZ board seat.
(-) SN, (-0.6%, but $8 above day lows) Announces plans to sell
up to 8 mln shares of its common stock as well as a $150-mln
private offering of senior notes with proceeds used to acquire
additional properties in the Eagle Ford shale formation of southern
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