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PBR

Energy Sector Update for 06/30/2017: PBR,NXE,STO

Top Energy Stocks

XOM +0.13%

CVX +0.28%

COP +0.10%

SLB +0.92%

OXY +0.40%

Energy stocks extended their prior gains, with the NYSE Energy Sector Index rising over 0.4% while shares of energy companies in the S&P 500 were up slightly less than 0.7% as a group. Crude oil for August delivery settled $1.11 higher at $46.04 per share while August natural gas fell a penny to $3.04 per 1 million BTU, trimming a much steeper slide earlier today.

In company news, Petrobras ( PBR ) American depository shares were moderately higher Friday afternoon, recently rising nearly 2% to $8.01 per ADS after the state-run Brazilian energy major more formally known as Petroleo Brasileiro has experienced few disruptions today despite a nation-wide strike, according to reports.

Exploration, production and logistics activity were all operating normally at Petrobras today, Reuters said, although refining director Jorge Celestino told a new conference earlier Friday that the work stoppage has had some impact at several of the company's refineries.

In other sector news,

(+) NXE, Receives $110 mln second financing package for its SW2 properties from CEF Holdings, consisting of nearly 24.2 mln shares priced at $2.07 apiece and $60 mln in unsecured convertible debentures.

(-) STO, Gassnova awards the Norwegian state-owned energy major with a contract to evaluate CO2 storage on the Norwegian continental shelf captured from three onshore industrial facilities.

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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