Energy Sector Update for 04/15/2019: TRNX, BOOM, PBR, XOM, CVX, COP, SLB, OXY

Top Energy Stocks:

XOM: +0.12%

CVX: -0.05%

COP: Flat

SLB: Flat

OXY: -0.50%

Energy giants were mixed in pre-market trading Monday. West Texas Intermediate crude oil for May delivery was down $0.45 at $63.44 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude June contract lost $0.44 to $71.11 per barrel and May natural gas futures were 4 cents lower at $2.62 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was down 0.53%, while the United States Natural Gas fund was 1.76% lower.

Early movers include:

(-) Taronis Technologies (TRNX), which was declining by over 6% after it filed a shelf registration statement for the sale of up to $100 million of its securities from time to time. It also got news that the Florida Dept. of Environmental Protection has included its water-cleaning technology in its library of accepted technologies.

(+) DMC Global (BOOM) was more than 6% higher as it set to replace Belmond (BEL) in the S&P SmallCap 600, effective April 18.

(+) CVC Capital Partners and investment firm Itausa Investimentos have expressed their interest in Liquigas Distribuidora, the LPG distribution unit Brazilian state energy firm Petrobras (PBR), Reuters reported, citing sources. Petrobras was up more than 2% after the news.

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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