Energy Sector Update for 09/11/2018: SD, XOM, SOL, SU, PSX

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Top Energy Stocks

XOM: -0.3%

CVX: -0.4%

COP: -0.03%

SLB: -0.7%

OXY: flat

Energy shares were flat to weaker in pre-market trading Tuesday.

Light, sweet crude oil for October delivery was up 0.2% at $67.64 per barrel, while natural gas for November delivery was down fractionally at $2.81 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.2% while the United States Natural Gas ETF ( UNG ) was down 0.4% .

Expected movers:

- Sandridge Energy ( SD ) wrapped up its formal strategic review process

- Exxon Mobil ( XOM ) approved terms of Alaska Natural Gas Line Project

- ReneSola ( SOL ) said Nautilus Solar Energy has acquired a second 13.3 megawatt community solar portfolio

Other news:

- Suncor Energy (SU) to pursue more oil sands mines despite pipeline uncertainty

- Phillips 66 (PSX) disclosed that Berkshire Hathaway (BRK.A, BRK.B) cut its stake in the refiner to 4.8% from 7.5%

News from overseas:

- Cairn Energy (CNE.L) said it swung to a loss in the first half of FY18 even as sales surged

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

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This article appears in: Investing , Energy
Referenced Symbols: USO , UNG , SD , XOM , SOL

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