Energy stocks were ending moderately lower today with the NYSE Energy Sector Index sinking about 0.4% while shares of energy companies in the S&P 500 were down about 0.1% as a group.
In company news, Diamond Offshore Drilling Inc. ( DO ) was lower in late Wednesday trade after a customer said it was terminating its contract for a mid-water semisubmersible rig.
In scrapping the contract, Norwegian energy giant Statoil ASA ( STO ) cited Statoil unspecified technical issues.
DO shares were down 3.6% at $47.79 each shortly before the closing bell, just 3 cents off its session low. The stock has a 52-week range of $43.69 to $73.00 a share, sliding about 26% in value over the past 12 months.
In other sector news,
(+) DVR, Sells its surface diving fleet in the Gulf of Mexico to an unidentified private company for $18.5 mln and a a 19.9% equity stake in the entity acquiring the assets. The buyer also signs a multi-year pact to provide surface diving services to DVR.
(-) SYNM, Discloses plans to voluntarily delist its shares from the Nasdaq stock market following the market close on Friday, June 6. The follows the snythetic-fuels producer selling substantially all of its assets to Renewable Energy Group ( REGI ).
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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.
