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Energy Sector Update for 09/21/2018: USO, UNG, BTU, PRIM, NE


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Top Energy Stocks

XOM: +0.5%

CVX: flat

COP: flat

SLB: -0.2%

OXY: -0.2%

Energy shares were steady in pre-market trading Friday. The much-watched Baker-Hughes domestic oil-and-gas rig count is out at 1 pm.

Light, sweet crude oil for November delivery was up 0.8% at $70.88 per barrel, while natural gas for October was down fractionally at $2.95 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was up 1.2% at $14.97 while the United States Natural Gas ETF ( UNG ) was down 0.3% at $24.29.

Expected movers:

- Peabody Energy ( BTU ): to acquire Shoal Creek Coal Mine from Drummond Company for $400 million

- Primoris Services ( PRIM ): says work restarts at Atlantic Coast Pipeline but five-week cessation pushed revenues behind by $35 million

- Noble ( NE ): acquires newbuild jackup and secures initial contract award

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 , BTU , PRIM , NE




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