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Thomson Reuters: October 2 Energy Commentary

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October 2, 2012

TUESDAY, OCTOBER 02, 2012

SECTOR COMMENTARY

The energy sector closed slightly higher on the day, outpacing the Dow and ending roughly in line with the S&P 500.  Concerns over upcoming quarterly earnings releases and developments in Spain caused market confusion amid expectations the debt-strapped country will soon request a full scale sovereign bailout.

In sector news, Core Laboratories shares closed down over 16% on the day after announcing that Q3 consolidated results are expected to be below the prior guidance, due to lower than expected North American drilling activity. Management ...


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