BUZZ-Energy stocks: Republican takeover of U.S. Senate

Wed Nov 5, 2014 10:20am EST
 
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** Shares of oil & gas and coal companies up

** Republican takeover of U.S. Senate on Tuesday could lead to legislative measures that directly affect the energy sector

** PrimeEnergy Corp up 19.5 pct at $77.53; Cypress Energy Partners LP up 6.1 pct at $23

** Walter Energy Inc up 4 pct at $2.62; Alpha Natural Resources Inc up 3.1 pct at $2.32; Arch Coal Inc up 2.2 pct at $2.3

** Transcanada Corp up 1.5 pct at $56.74; U.S.-listed shares up 2.5 pct at $49.61

** Investors hope Republican takeover will lead to reform of export laws, speed up approval of oil and gas pipelines, and motivate Obama Administration to pursue broad trade agreements that could also increase energy exports

** Potential for approval of Keystone XL Pipeline that will carry heavy oil-sands crude from Canada's Alberta province to Nebraska could be a boost to the sector

** S&P Energy Index up 1.02 pct; down 5.2 percent this year until Tuesday