Energy Stocks Ended Mostly Lower (NYSE:UNG, Exxon Mobil, STO, NBL)
Energy Stocks on Monday.
(EMAILWIRE.COM, August 31, 2010 )
Dallas, Tx - Shares of the energy related companies slid on Monday with the broader equity sell off after the consumer income after data witnessed that personal income climbed less than expected in the month July, even though spending showed a modest pickup.
To Subscribe to these free Stock Newsletter visit http://www.PennyStockPickAlert.com .
Crude for October delivery slid about, to $74.38 a barrel on the New York Mercantile Exchange. However, natural gas bucked the trend to end about over 2.50% higher, rebounding from its 11-month low touched last week.
However, Crude had nice support at lower levels largely due to Hurricane Earl which quickly gathered strength Monday and becoming a dangerous Category 4 storm as it roared past Puerto Rico and the U.S. Virgin Islands.
Some forecasters are predicting that the storm could eventually swing to within a few hundred miles of the U.S. Atlantic Coast, kicking up a powerful surf.
United States Natural Gas Fund, LP (NYSE:UNG) ended 2.56% higher at $6.40 on heavy volume of 19.42 million shares. Last week, the ETF made a new 52-week low of $6.19.
United States Natural Gas Fund, LP (USNG) is a limited partnership. The Company is a commodity pool that issues limited partnership interests (units) traded on the NYSE Arca, Inc. (the NYSE Arca).
Statoil ASA(ADR) (NYSE:STO) was the biggest loser and slumped 2.60% to $18.81, very near to its 52-week low of $18.39. So far this year, the stock has slid over 24%. It has a 52-week low of $18.39 and high of $26.68.
To subscribe to free stock alerts visit http://www.PennyStockPickAlert.com .
Exxon Mobil Corporation (NYSE:XOM), which is the largest company by market capitalization also weigh on the sector and fell 1.34% to $59 on high volume. So far this year, the stock has slid over 14%. It has a 52-week low of $55.94 and high of $76.54.
Exxon Mobil Corporation (Exxon Mobil) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products.
Noble Energy, Inc. (NYSE:NBL) was the only stock which ended with a gain of about 2% to $68.56 after the company said , Avner Oil Exploration, Delek Drilling and Ratio Oil & Gas Exploration, Noble Energy's Israeli partners in the Leviathan prospect said that up to 4.2 billion barrels of oil may lie under the seafloor in the Mediterranean Sea off of Israel.
The stock was also upgraded by BMO Capital to Outperform from Market Perform and set a price target of $85.
ABOUT http://www.PennyStockPickAlert.com
Penny Stock Pick Alert offers stock newsletters on various hot stocks of the day. Our stock news on top stocks, small cap penny stocks and other stocks, help investors in making the wise stock market investments. Till date thousands of our subscribers have made huge gains using our daily penny stock alerts. You can become leader in stock market by keeping track of the daily activity.
Disclaimer:
The assembled information disseminated by PennyStockPickAlert.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. PennyStockPickAlert.com does expect that investors will buy and sell securities based on information assembled and presented in PennyStockPickAlert.com. PLEASE always do your own due diligence, and consult your financial advisor.
Dallas, Tx - Shares of the energy related companies slid on Monday with the broader equity sell off after the consumer income after data witnessed that personal income climbed less than expected in the month July, even though spending showed a modest pickup.
To Subscribe to these free Stock Newsletter visit http://www.PennyStockPickAlert.com .
Crude for October delivery slid about, to $74.38 a barrel on the New York Mercantile Exchange. However, natural gas bucked the trend to end about over 2.50% higher, rebounding from its 11-month low touched last week.
However, Crude had nice support at lower levels largely due to Hurricane Earl which quickly gathered strength Monday and becoming a dangerous Category 4 storm as it roared past Puerto Rico and the U.S. Virgin Islands.
Some forecasters are predicting that the storm could eventually swing to within a few hundred miles of the U.S. Atlantic Coast, kicking up a powerful surf.
United States Natural Gas Fund, LP (NYSE:UNG) ended 2.56% higher at $6.40 on heavy volume of 19.42 million shares. Last week, the ETF made a new 52-week low of $6.19.
United States Natural Gas Fund, LP (USNG) is a limited partnership. The Company is a commodity pool that issues limited partnership interests (units) traded on the NYSE Arca, Inc. (the NYSE Arca).
Statoil ASA(ADR) (NYSE:STO) was the biggest loser and slumped 2.60% to $18.81, very near to its 52-week low of $18.39. So far this year, the stock has slid over 24%. It has a 52-week low of $18.39 and high of $26.68.
To subscribe to free stock alerts visit http://www.PennyStockPickAlert.com .
Exxon Mobil Corporation (NYSE:XOM), which is the largest company by market capitalization also weigh on the sector and fell 1.34% to $59 on high volume. So far this year, the stock has slid over 14%. It has a 52-week low of $55.94 and high of $76.54.
Exxon Mobil Corporation (Exxon Mobil) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products.
Noble Energy, Inc. (NYSE:NBL) was the only stock which ended with a gain of about 2% to $68.56 after the company said , Avner Oil Exploration, Delek Drilling and Ratio Oil & Gas Exploration, Noble Energy's Israeli partners in the Leviathan prospect said that up to 4.2 billion barrels of oil may lie under the seafloor in the Mediterranean Sea off of Israel.
The stock was also upgraded by BMO Capital to Outperform from Market Perform and set a price target of $85.
ABOUT http://www.PennyStockPickAlert.com
Penny Stock Pick Alert offers stock newsletters on various hot stocks of the day. Our stock news on top stocks, small cap penny stocks and other stocks, help investors in making the wise stock market investments. Till date thousands of our subscribers have made huge gains using our daily penny stock alerts. You can become leader in stock market by keeping track of the daily activity.
Disclaimer:
The assembled information disseminated by PennyStockPickAlert.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. PennyStockPickAlert.com does expect that investors will buy and sell securities based on information assembled and presented in PennyStockPickAlert.com. PLEASE always do your own due diligence, and consult your financial advisor.
Contact Information:
PennyStockPickAlert.com
Robert Wilson
Tel: 214-556-6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
PennyStockPickAlert.com
Robert Wilson
Tel: 214-556-6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
|
Private Equity, Angel Investing
Equity Alliance / Private Equity, Angel Investing, / IPO, Venture Capital & IR services / Equity Alliance International Equityallianceir.com Penny Stocks to Watch Sign up for hot penny stock picks Gains of 500%+ possible! Premiumstockpicks.com/landing/ Your text Ads & PR Text Ads plus unlimited press releases, One release featured/Day for only $575 per month. Read more on Text Ads & PR Your text Ads Here! Text Ads are only $289 per month. Ads are placed same day. More on Text Ads Advertising |