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NASDAQ OMX: December 13 Energy Commentary

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Thomson Reuters
December 13, 2013

SECTOR COMMENTARY

Energy experienced losses in all sub-sectors with the exception of the refiners.  The sector underperformed the broader markets, which staged a rally in the final hour even as investors remained cautious before a Federal Reserve policy meeting next week.

Shares of Anadarko Petroleum fell sharply following several stock downgrades from the sell-side community after the company was found liable for Tronox’s bankruptcy.  The decision by the U.S. 2nd District Bankruptcy court came as a stark surprise to investors and the liability range remains unclear to the Street.     ...


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