Text Size:
A | A

Thompson Reuters Energy Commentary: Sept. 4

Text Size: A | A
September 4, 2012

Energy stocks closed mostly lower, in line with the broader markets, leddownward by the equipment, service providers and drillers while pockets ofstrength were experienced in the mid and small cap E&P space.Halliburton fell 2% and ignited the sell pressure among the upstreamsupport companies after the company indicated at the Barclays CEOEnergy/Power Conference in New York that a decline in North Americandrilling would cause lower third quarter regional revenue by 2.5-3percentage points.  The company also reiterated that high guar priceswould weigh on North American margins throughout the rest of this year.Meanwhile, ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription