Energy issues are higher before the bell as oil prices gain
ahead of the conclusion of the FOMC meeting later in the day.
Cimarex Energy Co (
) reported third quarter results that fell short of expectations
due to lower natural gas liquids price realization, and the energy
explorer narrowed its production outlook for the full year.
Approach Resources Inc (
), meanwhile, posted third quarter results that beat analysts'
projections. The company also acquired an additional 10% interest
in its Cinco Terry field in the Permian Basin for $21.5 million.
Seahawk Drilling Inc (
) is up nearly 9% pre-market on Nasdaq as the drilling service
provider to oil explorers considers its financial options including
a sale, merger, or recapitalization, with Simmons & Co. acting
as the company's financial adviser. Brent crude is up 1.2% at
$86.44 a barrel on NYMEX.
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