Sep crude oil is -0.1% at $104.60/barrel, Sep natural gas is -3.5% at $3.44/MMBtu, Sep RBOB is -0.2% at $3.00/gallon, and Sep heating oil is +0.2% at $3.02/gallon.
Trading higher following earnings: TLLP (+0.5%); Trading lower: BWP (-1.8%), CVRR (-1.7%).
Sector news: USU (+42.7%) USEC Inc. updated American Centrifuge RD&D adavances, SYRG (+2.7%) Synergy Resources entered into amended drilling contract for 21 additional horizontal wells in Wattenberg Field, FPP (+1.3%) Fieldpoint Petroleum reported progress of well #3 in Lea County, New Mexico, NBR (-0.9%) Nabors Industries Director bought 11,000 shares at $14.84-14.90 worth ~ $200K, MHR (-0.8%) Magnum Hunter filed to withdraw Registration Statement on Form S-4 filed with the SEC on January 14, 2013, EC (-0.1%) Ecopetrol filed for a mixed securities shelf offering for an undisclosed amount.
Broker calls: GIFI (+1.4%) Gulf Island Fab target raised to $27 from $23 at Howard Weil, TRP (+0.9%) TransCanada upgraded at Desjardins and at TD Securities, FET (+0.8%) Forum Energy Tech. downgraded at Global Hunter Securities, PDS (-2.2%) Precision Drilling target raised to $12 at Cowen, PER (-2.1%) SandRidge Permian Trust downgraded at Raymond James, CNQ (-1.9%) Canadian Natrl Res downgraded at TD Securities and at Macquarie, NBL (-1.9%) Noble Energy downgraded at BofA/Merrill, RRC (-1.7%) Range Resources upgraded at Oppenheimer, BAS (-1.6%) Basic Energy Services target lowered to $11 from $13 at Wunderlich, DRC (-0.9%) Dresser-Rand target lowered to $63 at Cowen, COG (-0.9%) Cabot Oil & Gas upgraded at Oppenheimer, CAM (-0.9%) Cameron target lowered to $68 at Howard Weil.