Sector Earnings: VRNM (+6.4%), BORN (+5.3%), and TCPG (-2.8%).
Sector News: CPX (+2%) divested its rig relocation and heavy haul business for ~$110 million in cash. CHKR (-1.6%) priced its 20 mln share IPO at $19/share today.
Broker Calls: PXD (+0.9%) and CXO (+0.8%) were downgraded to Hold from Buy at Deutsche Bank. PXP (+4.3%) was initiated with a Buy at Keybanc. QEP (+2.8%) was initiated with an Outperform at Raymond James. TAT (+16.2%) was upgraded to Buy at Global Hunter Securities.






