Energy Sector Update for 12/26/2018: TGA,TGL.TO,AMTX,CHK,RDS.A,RDS.B
Top Energy Stocks
Energy stocks were ending sharply higher, with the NYSE Energy Sector Index climbing almost 3.9% while shares of energy companies in the S&P 500 were up more than 4.4% as a group. West Texas Intermediate crude oil for February delivery settled almost 9% higher, rising $4.69 to $46.22 per barrel in New York while the global benchmark Brent crude February contract advanced $4.44 to $54.91 per barrel. January natural gas futures rose 8 cents to $3.54 per 1 million BTU. Among energy-related ETFs, the United States Oil fund climbed over 2.5% while the United States Natural Gas fund still declined nearly 3.9%. The Philadelphia Oil Service Sector index was up nearly 4.8%.
Among energy stocks moving on news:
(+) TransGlobe Energy Corp (TGA,TGL.TO) climbed almost 7% on Wednesday after the Canadian oil and natural gas company said in a regulatory filing that board member David Cook acquired another 10,000 of its common shares on Dec. 21 for $1.62 each. He now owns almost 59,800 TransGlobe shares, or about 0.08% of its outstanding stock.
In other sector news:
(+) Aemetis ( AMTX ) jumped 26% after the renewable-fuels producer said its Aemetis Biogas subsidiary has closed on a $30 million equity investment primarily through a series of 20-year agreements with dairy farms in California and without the parent company issuing any of its shares.
(+) Royal Dutch Shell (RDS.A,RDS.B) rose nearly 2% higher Wednesday after Reuters reported the energy major has started production at its Prelude floating liquefied natural gas facility offshore of Broome, Western Australia.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.