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Energy Sector Update for 03/12/2018: USO, UNG, AMID, E, SGY, SRE

Top Energy Stocks

XOM: +0.2%

CVX: +0.2%

COP: flat

SLB: -0.3%

OXY: flat

Energy shares were flat to higher in pre-market trading Monday.

Light, sweet crude oil for April delivery was down 0.5% at $61.56 per barrel, while natural gas was up fractionally at $2.78 per million Btu.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.6% at $12.39 while the United States Natural Gas ETF ( UNG ) was up 1.8% at $23.15.

In overseas news, the IPO of Saudi Aramco could reportedly be delayed until 2019 due to struggles arriving at a $2 trillion valuation.

Expected movers:

- American Midstream Partners ( AMID ): logs wider Q4 loss on lower revenue

- Eni ( E ): sells 10% stake in offshore Egypt concession; enters UAE with offshore stakes

- Stone Energy ( SGY ): returns to profit in Q4 vs yr-ago but revenue declines 33% YoY

Other news:

- Sempra Energy (SRE): CEO Debra Reed to step down May 1, CFO Jeffrey Martin named successor

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) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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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