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Energy Sector Update for 11/27/2017: CRZO,NOA,DO


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Top Energy Stocks

XOM -0.36%

CVX -0.90%

COP -2.74%

SLB -0.87%

OXY -0.64%

Energy stocks were ending sharply lower today, with the NYSE Energy Sector Index sinking more than 1.1% while shares of energy companies in the S&P 500 were down nearly 1.1% as a group. Crude oil for January delivery settled 84 cents lower at $58.11 per barrel while January natural gas futures rose 10 cents to $3.02 per 1 million BTU.

In company news, Tortoise Energy Infrastructure Corp ( TYG ) declined Monday, sinking almost 2% to a session low of $25.27 a share after the investor in petroleum pipeline and storage assets late Friday said the managing director and portfolio manager at Tortoise Capital Advisors earlier last week purchased 340 of its shares at $24.53 apiece.

According to a Nov. 24 regulatory filing, Brian Kessens paid $8,340 overall for the additional shares, boosting his overall stake in Tortoise Energy to 500 shares.

In other sector news,

(+) CRZO, Announces plans to sell substantially all of its assets in the DJ Basin in eastern Colorado to an unidentified buyer for $140 mln in cash. Net proceeds from the transaction will be used to pay down outstanding debt.

(-) DO, Chief financial officer Kelly Youngblood last week tells the company he plans to step down on Dec. 1 to take a similiar post at another company. Treasurer Scott Komblau named interim CFO during the search for a permanent replacement.

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: TYG , CRZO , NOA , DO



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