Energy stocks are lower, with the NYSE Energy Sector Index
falling 0.6% while shares of energy companies in the S&P 500
are down nearly 0.8% as a group. Crude oil for November delivery is
up 75 cents at $103.78 per barrel while November natural gas is up
another 8 cents to $3.71 per 1 million BTU.
In company news, Clean Energy Fuels (
) is down more than 8% at $11.91 a share, just 2 cents above its
intra-day low after analysts at Piper Jaffray late Monday
reiterated their Sell recommendation for the seller of liquified
natural gas as an alternative for fleet vehicles.
The research shop called CLNE its top Sell idea for investors
and also reduced its price target for the stock by $5 to $4.50 a
share, according to a Bloomberg report.
In other sector news,
(+) MEMP, (+0.3%) Prices $300-mln offering of 7.625% senior
unsecured notes due 2021.
(-) TLM, (-1.7%) Giving back initial gains that followed Carl
Icahn's disclosing he now owns 61 mln shares of the Canadian oil
and gas company, adding in a Twitter message he "may have
conversations with mgmt re strategic alternatives, board seats,
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