Energy shares are fairly flat in pre-market, while crude oil
futures are higher.
Light, sweet crude oil for January delivery is trading up $0.02
at $97.24 per barrel. In other energy futures, heating oil is up
$0.01 at $2.97 per gallon while natural gas is up $0.02 at $4.30
per million British thermal units.
In energy ETFs, the United States Oil Fund (
) is flat at $34.87. The United States Natural Gas ETF (
) is up 0.6% at $21.05.
In other energy news, Syntroleum Corp (
) is soaring 47% in pre-market after accepting a buyout offer worth
up to $49 million for substantially all of its assets from
Renewable Energy Group Inc. (
The deal calls on REGI to is issue 3.796 million shares of its
common stock to SYNM in exchange for its 50% stake in a 75-million
gallon renewable diesel facility in Geismar, La., as well as its
patent portfolio of gas-to-liquids and renewable diesel fuel
REGI is up 3.6% at $10.94, very close to its 52-week high of
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