Text Size:
A | A

Thomson Reuters: October 16 Energy Commentary

Text Size: A | A
 
October 16, 2012

Tuesday, October 16, 2012

SECTOR COMMENTARY

Energy stocks rebounded from yesterday’s underperformance and led the broader markets to the upside today despite a lackluster performance in oil and gas futures.  The energy sector was led higher by the refining complex followed by drillers but all sub-industries experienced gains.  However, a few natural gas-levered producers slipped into negative territory.

Shares of Murphy Oil surged 8% on soaring volume after saying it will spin-off its U.S. downstream operations into a separately traded company along with authorizing a special dividend of $2.50 per ...


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