14:53:31 EST Sun 03 Nov 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Energy Summary for Feb. 12, 2024

2024-02-12 19:41 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for March delivery edged up eight cents to $76.92 on the New York Merc, while Brent for April went the other direction and lost 19 cents to $82.00 (all figures in this para U.S.). Western Canadian Select traded at a discount of $19.40 to WTI, down from a discount of $19.25. Natural gas for March lost eight cents to $1.77. The TSX energy index added 2.78 points to close at 240.98.

The North American oil patch started the week of Valentine's Day with a major engagement. The Nasdaq-listed Diamondback Energy soared today after entering a $26-billion (U.S.) definitive merger agreement with Endeavor Energy Resources, the largest private producer in the Permian shale basin of Texas and New Mexico. This "transformational" deal will create a "must-own" Permian-focused operator with combined production of around 475,000 barrels of oil equivalent a day, cheered the companies. They are aiming to close the deal by year-end.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.