Credit: Shutterstock photoTop Energy Stocks
XOM: flat
CVX: flat
COP: flat
SLB: +0.29%
OXY: flat
Energy shares were generally flat in pre-market trade Monday as crude oil futures slid.
Light, sweet crude oil for December delivery was down 1.08% at $73.25 per barrel. In other energy futures, heating oil was down 1.0% at $2.35 per gallon while natural gas was up 3.18% at $3.55 British thermal units.
In energy ETFs, the United States Oil Fund ( USO ) was down 1.39% at $28.43. The United States Natural Gas ETF ( UNG ) was up 1.69% at $21.65.
In other energy news, Paragon Offshore ( PGN ) Monday reported that it paid $112.4 million to acquire 52.8 million shares, or 55.8% of Prospector Offshore Drilling (PROS:OSE), a Norwegian offshore drilling company listed on the Oslo Axess.
Paragon Offshore, an offshore rig contractor, said it intends to launch a mandatory tender offer for the remaining outstanding shares of PROS as mandated by Luxembourg and Norwegian law. PROS operates in the North Sea, and reported contracts with a backlog of $384 million.
Shares in Paragon Offshore were unchanged during Monday's pre-market trading session at $4.77. Over the past 52 weeks, the company has traded between $4.45 and $17.50.
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.
