OBE

Energy Sector Update for 03/15/2024: OBE, BTE, TRP, XLE, USO, UNG

Energy stocks were edging higher premarket Friday, with the Energy Select Sector SPDR Fund (XLE) up 0.1%.

The United States Oil Fund (USO) was 0.2% lower and the United States Natural Gas Fund (UNG) was down more than 1%.

Front-month US West Texas Intermediate crude oil was up 0.1% at $81.31 per barrel at the New York Mercantile Exchange. Global benchmark North Sea crude oil lost 0.1% to reach $85.33 per barrel, and natural gas futures were 1% lower at $1.72 per 1 million British Thermal Units.

Obsidian Energy (OBE) was up more than 1% after saying it completed its offer to purchase up to 2 million Canadian dollars ($1.5 million) of its 11.95% senior unsecured notes due July 27, 2027.

Baytex Energy (BTE) was marginally lower after it priced a private placement of $575 million principal amount of 7.375% senior unsecured notes due 2032 at 99.266% of par value.

TC Energy (TRP) said it agreed to sell its Prince Rupert Gas Transmissions Holdings subsidiary to Nisga'a Nation and Western LNG. TC Energy was 0.5% higher in recent Friday premarket activity.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.