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Energy Sector Update for 04/07/2015: USO, UNG, KOS

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Top Energy Stocks

XOM: flat

CVX: flat

COP: -0.1%

SLB: +0.2%

OXY: flat

Energy shares were generally unchanged in pre-market trade Tuesday as crude oil futures slid.

Light, sweet crude oil for May delivery was down 0.5% at $51.64 per barrel. In other energy futures, heating oil was down 0.2% at $1.59 per gallon while natural gas was up 0.9% at $2.57 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.8% at $18.28. The United States Natural Gas ETF ( UNG ) was up 1.0% at $13.47.

In other energy news, Kosmos Energy ( KOS ), an independent oil and gas company, said it plans to raise an additional $225 million through the sale of senior secured notes to repay existing debt under an existing facility and for general corporate purposes.

The notes are due 2021 and will be sold through a private offering as a non-fungible add-on to the existing $300 million aggregate principal amount of such notes currently outstanding.

Shares in the company were unchanged at $8.71 during pre-market trading . Over the past 52 weeks, the company has traded between $6.96 and $11.27.

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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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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