MONDAY, OCTOBER 22, 2012
The energy sector ended the day lower, tracking the broader equity markets on lighter-than-average volumes. Oilfield services led the group lower, followed closely behind by both gassy and oily E&Ps, while refiners were the best performers on the day, closing relatively flat. Several Canada-based E&Ps suffered steep losses on the day after the Canadian government announced it would block the proposed $6 billion acquisition of Progress Energy by Petronas. The news raised questions about future M&A opportunities in Canada.
November WTI crude oil ...