Energy
DVN

Energy Sector Update for 05/29/2019: DVN, TGA, CHAP, CNQ, XOM, CVX, COP, SLB, OXY

Top Energy Stocks:

XOM: -1.05%

CVX: Flat

COP: Flat

SLB: -1.67%

OXY: -1.22%

Energy heavyweights were flat to lower in pre-market trading Wednesday. West Texas Intermediate crude oil for July delivery was down $1.50 at $57.64 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude July contract lost $1.43 to $68.68 per barrel and June natural gas futures were 4 cents higher at $2.62 per 1 million BTU. Among energy-related ETFs, the United States Oil Fund was down 1.64%, while the United States Natural Gas fund was 2.17% higher.

In other sector news:

(+) Devon Energy (DVN) signed a definitive deal to sell its Canadian business, housed under its Devon Canada unit, to Canadian Natural Resources (CNQ) for CAD3.78 billion ($2.79 billion). Devon Energy was slightly higher after the news.

(=) TransGlobe Energy (TGA) was unchanged after saying it produced 17,000 barrels of oil equivalent per day (boe/d) in May, consistent with the previous month.

(=) Chaparral Energy (CHAP) was flat as it reported that Q2 production is expected to be above the high end of its previously announced guidance range of 26,000 - 27,500 barrels of oil equivalent per day (boe/d).

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

In This Story

DVN TGA CHAP CNQ XOM

Latest Markets Videos