BUZZ-Energy stocks: Rise after Republicans take U.S. Senate

Wed Nov 5, 2014 12:05pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]


** Shares of coal, oil and gas companies rise 3-15 pct

** Takeover of U.S. Senate by Republicans fuels hopes that it could lead to legislative measures that directly affect the energy sector

** Republican Senator John Hoeven said in an interview on Wednesday that Republicans will quickly introduce stand-alone legislation in the first quarter of 2015 that would approve the Keystone XL crude oil pipeline from Canada

** U.S.-listed shares of Keystone-backer TransCanada up 2.5 pct; Toronto-listed shares up 2.45 pct

** S&P Energy Index up 1.33 pct

** Up to Tuesday's close, index down 5.2 pct. Energy sole industry group in the S&P 500 with negative year-to-date return

** PrimeEnergy Corp up 14.9 pct; Halcon Resources Corp 4 pct; Pacific Coast Oil Trust 8.6 pct; Exco Resources Inc 5.5 pct; EOG Resources Inc 6.5 pct; Penn West Petroleum Ltd 5.3 pct; Goodrich Petroleum Corp 7.13 pct; ZaZa Energy Corp 8 pct

** Walter Energy Inc up 5.7 pct; Alpha Natural Resources Inc 7.2 pct; Sinocoking Coal And Coke Chemical Industries up 8 pct