Monday, December 31, 2018
Sector Commentary
The energy sector is set to open higher on the final trading session of the year, supported by gains in the crude complex and U.S. stock index futures which rose on signs of progress in the U.S.-China trade dispute.
Oil futures on both sides of the Atlantic rose in morning trading, mirroring gains in global equity markets but were on track for their first annual decline in three years as concerns of a persistent supply glut lingered. Hints of progress on a possible U.S.-China trade deal, with U.S. President Donald Trump saying he had a "very good call" with Chinese President Xi Jinping, helped bolster sentiment.
Natural gas futures slid 5% on expectations for warmer weather which could result in a reduction in demand.
U.S. E&PS
(Reuters) - Late Friday - Marathon Oil an independent energy company, agreed to sell 100% stake in Marathon Oil, a company that owns 15% interest in the production sharing contract-Atrush Block located in the Kurdistan Region of Iraq, to ShaMaran Petroleum Corp, an oil and gas exploration company, for a sale consideration of US$63 million. The transaction has an effective date of January 1, 2018.
(Reuters) - Chesapeake Energy Corporation today announced that the company is calling for redemption in full on January 28, 2019 all of its outstanding 2.25% Contingent Convertible Senior Notes due 2038, of which an aggregate principal amount of approximately $923,000 is outstanding.
MARKET COMMENTARY
U.S. stock index futures jumped on Monday, boosted by signs of progress in the U.S.-China trade dispute and rising crude oil prices , setting up Wall Street to end its worst year in a decade on an upbeat note.
NASDAQ ENERGY TEAM THOUGHT LEADERSHIP
- Bloomberg TV Commodities Edge - Q2'18 Earnings Themes
- Bloomberg TV DayBreak Americas - (Discussion with Kevin Holt, CIO of Invesco, begins at 0:56:58 - 1:05:22)
- TD Ameritrade Network - Trade Tariff Effects on Market & Interest Rates
Nasdaq Advisory Services Energy Team is part of Nasdaq's Advisory Services -- the most experienced team in the industry. The team delivers unmatched shareholder analysis, a comprehensive view of trading and investor activity, and insights into how best to manage investor relations outreach efforts. For questions, please contact Tamar Essner . This communication and the content found by following any link herein are being provided to you by Corporate Solutions, a business of Nasdaq, Inc. and certain of its subsidiaries (collectively, "Nasdaq"), for informational purposes only. Nasdaq makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Sources include Reuters, TR IBES, WSJ, The Financial Times and proprietary Nasdaq research.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
