The S&P Energy Index (+0.8%) is trading higher this morning and is currently outperforming the strength in the broader market (+0.2%).
Sector News: KOS (+3.4%) announced that the Teak-3A appraisal well has confirmed a northern extension of the Teak discovery on the West Cape Three Points Block offshore Ghana.
Sector Earnings: ATW (+0.7%) and TNP (-1.2%). Broker Calls: CNX (+2.6%) was initiated with a Buy at CRT Capital. BTE (+0.8%) was initiated with an Overweight at Barclays. XCO(4.5%) was downgraded to Hold at Stifel Nicolaus. PGH (-0.3%) and PWE (+0.6%) were initiated with Equal Weights at Barclays. HP (+1.8%) was upgraded to Buy from Neutral at Pritchard.






