Sector Update: Energy

By
A A A

Energy shares are higher in mid-day trading as crude oil futures jump with the equities rally, sending the December contract over $90 a barrel. Light, sweet crude for December delivery is trading up 3.28% to $90.27 a barrel. In energy ETFs, the United States Oil Fund ( USO ) is up 3.16% to $34.92. The United States Natural Gas ETF ( UNG ) is down 0.96% to $8.73. In mid-day news, Entergy ( ETR ) said today that it has signed an agreement with a subsidiary of NextEra Energy ( NEE ) to acquire for $346 million the Rhode Island State Energy Center, a 550-megawatt power plant located in Johnston, RI. Meanwhile, SemGroup ( SEMG ) has jumped 18.85% to $28, after Plains All American Pipeline (PAA) disclosed today that on Oct. 6 it submitted a proposal to SemGroup to acquire all of the outstanding shares of SemGroup for $24 per share in cash.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: ETR , NEE , SEMG , UNG , USO

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Investing In Commodities
Investing In Commodities            

Stocks

Referenced

Most Active by Volume

74,282,785
  • $10.84 ▲ 11.64%
60,794,128
  • $17.12 ▲ 0.71%
55,628,662
  • $35.59 ▼ 1.00%
55,306,290
  • $116.47 ▲ 0.14%
55,118,241
  • $39.75 ▼ 0.43%
53,597,648
  • $9.41 ▲ 8.29%
41,889,990
  • $47.98 ▼ 1.48%
35,692,375
  • $97.34 ▼ 0.57%
As of 11/21/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com