Energy stocks are trying to rally, with the NYSE Energy Sector
Index and the S&P Energy Index both climbing into positive
territory with 0.1% gains. Crude oil for August delivery is up
around 30 cents at near $87.40 a barrel. August natural gas has
reversed its earlier gains and is now off about 5 cents to $2.82
per 1 million BTU.
In company news, Ormat Technologies Inc. (
) shares are little changed after saying its Ormat Nevada
subsidiary has signed a $61.4 million engineering and construction
contract to provide two air-cooled energy converters to a
geothermal power plant project now under construction in southern
Utah by Enel Green Power North America.
In other sector news,
(+) MDR, (+0.3%) Wins two project awards with Saudi Aramco in
the Karan, Safaniya and Zuluf fields.
(-) KYO, (-0.2%) Opens new solar-products warehouse in Cherry
Hill, N.J., to augment existing distribution centers in San Diego
and Scottsdale, Ariz.
(-) CHK, (-0.8%) Pressing Ohio landowners to accept revised
lease contracts in bid to save enough money to retain access to
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