Markets

Energy Sector Update for 09/30/2015: UUUU,MNGA,CJES

Top Energy Stocks

XOM +0.97%

CVX +2.55%

COP +1.50%

SLB -1.16%

OXY +1.02%

Energy stocks were mostly higher today, with the NYSE Energy Sector Index climbing nearly 0.6% while shares of energy companies in the S&P 500 were ahead 0.4% as a group. Crude oil for November delivery was up 10 cents at $45.33 per barrel while November natural gas futures were 5 cents lower at $2.53 per 1 million BTU.

In company news, Energy Fuels ( UUUU ) was slipping during Wednesday trading despite the uranium miner today saying it has begun construction of the extraction circuit at its Nichols Ranch underground recovery processing facility in Wyoming.

Once the current work on the elution circuit is completed, Energy Fuels will have an entirely self-contained in-situ recovery and processing facility. Nichols Ranch began operations in April 2014, currently shipping unprocessed ore to third party-owned facilities for final yellowcake stripping, drying and packaging.

UUUU shares were down slightly more than 1% at $2.80 each, easing from an earlier session high of $2.83 a share.

In other sector news,

(+) MNGA, (+7.1%) Signs new gas distribution agreement with AWISCO Corp., which becomes the exclusive supplier of MagneGas2 fuel in New York, New Jersey and Connecticut, including the New York Fire Department and several utility companies.

(-) CJES, (-17.9%) Sees Q3 financial results falling short of its guidance provided during Q2 earnings conference call, blaming slower-than-anticipated activity and pricing levels along with sustained weakness in commodity prices.

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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