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Energy Sector Update for 12/16/2015: USO, UNG, AAV

Top Energy Stocks

XOM: -0.3%

CVX: flat

COP: flat

SLB: +0.8%

OXY: flat

Energy shares were mainly unchanged in pre-market trade on Wednesday as crude oil futures were lower.

Light, sweet crude oil for January delivery was down 0.5% at $36.90 per barrel. In other energy futures, heating oil was 1.1% lower at $1.09 per gallon while natural gas was 1.6% lower at $1.80 British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.5% at $11.34 while the United States Natural Gas ETF ( UNG ) was down 0.3% at $7.02.

In other energy news, Advantage Oil & Gas ( AAV ) Wednesday said its board of directors approved a capital budget of $120 million for 2016, which is expected to support its targeted production growth of 39% and cost reduction of 6%.

Shares in the company were flat at $4.45 pre-bell. This is within the lower band of the stock's 52 week trading range between $3.89 and $6.59.

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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