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Thomson Reuters: October 19 Energy Commentary

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October 19, 2012

FRIDAY, OCTOBER 19, 2012

SECTOR COMMENTARY

Energy stocks finished sharply lower, although most subgroups outperformed the broader market averages. E&Ps and services led the way on the downside, while the drillers showed the best relative performance, paced by Noble Corp., which closed in the green for the second day in a row despite missing earnings views yesterday.

In sector news, oil services companies Baker Hughes and Schlumberger reported mixed results with the former posting a surprise miss for the third quarter on lower North American margins, while the latter beat ...


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