Sector Update: Shares Flat Pre-Market as Crude Futures Steady

By Staff,

Shutterstock photo

Top Energy Stocks

XOM: flat

CVX: flat

COP: flat

SLB: flat

OXY: flat

Energy shares were flat in pre-market trade Monday as crude oil futures were steady.

Light, sweet crude oil for October delivery was about flat at $93.67 per barrel. In other energy futures, heating oil was up 0.20% at $2.84 per gallon while natural gas was up 1.77% at $3.91 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was flat at $34.96. The United States Natural Gas ETF ( UNG ) was flat at $21.21.

In other energy news, Penn Virginia Corporation ( PVA ), an independent oil and gas company, said it anticipates delays in the timing of completions associated with its H2 drilling program although well results continue to meet or exceed expectations.

As a result of the delay, the Radnor, Pennsylvania-based company now expects four (2.5 net) fewer wells will be turned in line in 2014, with those four wells now expected to be turned in line during the first quarter of 2015.

Shares closed up 6.5% to $14.27 on Friday, extending this year's rally to 51%.

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

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

This article appears in: Investing Commodities
Referenced Stocks: USO , UNG , PVA

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by