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The Energy Sector Reflects Equity Market Weakness
Thursday, June 17, 2010 - 3:15pm | 204Read More...In the energy sector, weakness is being witnessed in petroleum and natural gas stocks, while oil service companies are treading in positive waters. Oil stocks are rising against the backdrop of a decline in the broad market today. The Dow Jones Industrial Average plunged 0.41%, or 43.16 points, to...
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Energy Sector Higher Today, Strength Seen In BP
Tuesday, June 15, 2010 - 2:40pm | 230Read More...Energy stocks are treading in the positive waters today, as executives of Big Oil met the Obama administration to plead for the resumption of deep water drilling in the Gulf of Mexico. In their meeting with President Barack Obama, executives of Exxon Mobil (NYSE: XOM), Chevron (NYSE: CGX), Royal...
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Energy Sector Up Today, BP Down On Concerns Over Spill
Monday, June 14, 2010 - 1:54pm | 277Read More...Shares of BP PLC (NYSE: BP) plummeted on Wall Street today, as the stock failed to gain from the broader energy sector rally. The oil major, in its tryst with the ongoing Gulf oil spill, is struggling with increasing regulatory concerns. The NYSE Arca Oil Index (XOI) and the NYSE Arca Natural Gas...
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Energy Stocks Rebound As BP Soars
Thursday, June 10, 2010 - 2:55pm | 211Read More...Energy stocks surged today, along with the broad market, as BP PLC (NYSE: BP) made a come-back from its lowest levels in the last 14 years. The sector’s gains were also led by a higher-than-anticipated fall in crude oil inventories during yesterday’s session. Appearing bullish, the Dow Jones...
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Oil-Service Stocks Lead Gains In Energy Sector
Wednesday, June 9, 2010 - 2:18pm | 286Read More...The energy sector is up today, led by drilling shares. Gains poured in as the Interior Department allowed drilling to resume in shallow waters with new safety regulations. The Philadelphia Oil Service Index (OSX) rose 1.6% to 166 and the NYSE Arca Natural Gas Index (XNG) jumped 1% to 514. The NYSE...
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Energy Sector Soaring High Today, Momentum Led By BP, CHK
Monday, June 7, 2010 - 3:57pm | 258Read More...Energy stocks posted gains on the Wall Street today, erasing some of their huge losses of Friday. BP PLC (NYSE: BP) and Chesapeake Energy Corp (NYSE: CHK) led the sector’s momentum. The NYSE Arca Oil Index (XOI) climbed 1.4% to 928, the NYSE Arca Natural Gas Index (XNG) jumped 1.6% to 514 and the...
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TE Q4 Revenues Fall Short of Consensus
Friday, February 5, 2010 - 9:20am | 87Read More...Teco Energy (NYSE: TE) reported its Q4 EPS at $0.25, meeting the consensus expectations. TE’s revenues for the quarter came at $765 million, versus the Street view of $906.03 million. Teco Energy said its earnings were affected by restructuring charges of $0.4 million. The company has forecasted...
