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Sector Update: Energy Shares Flat to Slightly Higher as Crude Futures Dip

Top Energy Stocks

XOM: +0.2%

CVX: flat

COP: flat

SLB: flat

OXY: flat

Energy shares are flat to higher in pre-market, while crude oil futures are slightly lower.

Light, sweet crude oil for December delivery was trading down $0.01 at $94.60 a barrel. In other energy futures, heating oil was flat at $2.88 a gallon while natural gas was down $0.09 at $3.43 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 0.4%. The United States Natural Gas ETF ( UNG ) is down 2.7% at near $17.00.

In energy stocks news, solar module manufacturer Canadian Solar Inc. ( CSIQ ) has gained more than 5% in early trade after reporting that it expects to be profitable at the net-income level (on a US-GAAP basis) in Q3 2013. Revenue is seen in the range of $470 million to $495 million, versus the Capital IQ consensus of $495 million.

Furthermore, solar module shipments are expected to be between 460 MW to 480 MW, exceeding the company's guidance of 410 MW to 430 MW.

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

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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.

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