The S&P Energy Index (-0.5%) is lower this morning and is currently
underperforming the gains in the S&P 500 (+0.1%).
A very quiet start to the week in news for energy related issues. Sector News:
HNR (+22.7%) shares are sharply higher this morning after the co announced it
encountered oil in the wildcat well Dussafu Ruche Marin-1 drilled in the Dussafu
Marin PSC, in the offshore waters of Gabon, West Africa.
Broker Calls: CAM (-1.4%) was mentioned as a good fit for GE, earlier this
morning, by an analyst at BMO Capital. The analyst also said that RDC (-1%) and
OII (-1.1%) could be attractive acquisition candidates. BEXP (-1.5%) was
upgraded to Buy from Neutral at SunTrust. GDP (+1.8%) was upgraded to Add from
Neutral at CapitalOne Southcoast. MY (-8.4%) shares were downgraded to Neutral
from Outperform at Credit Suisse






