Top Energy Stocks
XOM -0.13%
CVX -0.17%
COP -0.04%
SLB +1.22%
OXY +0.35%
Energy stocks are moderately higher today with the NYSE Energy Sector Index rising 0.4% while shares of energy companies in the S&P 500 are ahead 0.2% as a group. Crude oil for November delivery is down 41 cents at $102.72 per barrel while October natural gas is up 3 cents to $3.59 per 1 million BTU.
In company news, Chesapeake Energy Corp. ( CHK ) is up nearly 1% shortly before the closing bell and the natural gas company yesterday announcing another 86 employee layoffs, saying it is on track to end its restructuring by Nov. 1.
The new structure was designed "to break down silos" and increase accountability, CEO Doug Lawler said in an email to employees yesterday obtained by MarketWatch. Finalizing the reorganization will allow CHK to move forward with a "renewed focus on financial discipline" and profits, Lawler added.
In other sector news,
(+) ANW, Signs facilities agreement for new, $1 bln syndicated secured multicurrency revolving credit facilities comprised of three tranches to be drawn once the oil and gas company executes additional security documents.
(+) BPZ, Closes on $125-mln offering of 8.50% convertible senior notes due September 2017 as well as the repurchase of $85.0 million of its 6.50% convertible senior notes due March 2015.
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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.
