Markets

Engery Sector Update for 01/22/2015: BTU,MHR,NADL,SDRL

Top Energy Stocks

XOM +1.02%

CVX +0.59%

COP +1.11%

SLB 0.00%

OXY -0.48%

Energy stocks were mostly higher with the NYSE Energy Sector Index rising about 0.7% while shares of energy companies in the S&P 500 were down 0.4% as a group.

In company news, Peabody Energy ( BTU ) was ending lower Thursday and the coal miner today saying it will promote Glenn Kellow, currently its chief operating officer, will succeed CEO Greg Boyce on May 4.

Boyce will stay with the company as executive board chairman following his upcoming retirement.

BTU shares were down less than 1% at $6.71 each this afternoon, earlier sinking to a session low of $6.47 a share.

In other sector news,

(+) NADL, Launches process to amend a NOK 1.5 bln bond maturing in 2018. The company also is seeking to rework its secured credit facilities after Seadrill ( SDRL ) agreed to provide a guarantee.

(-) MHR, Falls to a six-year low following a downgrade by Stifel Nicolaus, which cut its investment call to Hold from Buy and removed its $4 price target for the stock.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

SDRL BTU

Other Topics

Commodities