Thomson Reuters: July 27 Energy Commentary
July 27, 2012
FRIDAY, JULY 27, 2012
SECTOR COMMENTARY
Energy stocks soared, extending yesterday’s rally, amid broad-based market strength on optimism that the Federal Reserve and the ECB may provide further stimulus to prop up the global economy.
Drillers and services were the best performers, as they were throughout most of the week, on a slate of mostly better than expected earnings from some of the mid and smaller cap service providers and land drillers. Shares of Key Energy Services led the pack, rising 12% after it forecast higher revenue and income ...
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