TRP

TC Energy Corporation

50.69
USD
2.32%
50.69
USD
2.32%
44.77 59.38
52 weeks
52 weeks

Mkt Cap 49.59B

Shares Out 978.20M

Chat
Send me real-time posts from this site at my email

Energy Sector Update for 06/14/2022: CLR, TRP, TRP.TO, CVE, CVE.TO, BP

Energy stocks pared gains in afternoon trading, with the NYSE Energy Sector Index up only 0.2% while the SPDR Energy Select Sector ETF (XLE) was 0.3% higher. The Philadelphia Oil-Service Sector index was slipping 1.3%, giving back an earlier advance, and the Dow Jones US Utilities Index was falling 2.9%. Oil prices reversed earlier gains, with West Texas Intermediate crude oil now down $0.36 at $120.57 per barrel and North Sea Brent crude declining $0.08 to $122.19 per barrel. Henry Hub natural gas futures were $1.27 lower at $7.34 per 1 million BTU. In company news, Continental Resources (CLR) was nearly 14% higher, easing from a 17% gain to its highest share price since August 2014, after controlling shareholder Harold Hamm offered to acquire the 17% of the oil and natural gas producer he and family members don't already own for $70 per share, or roughly 9% above Monday's closing price. Cenovus Energy (CVE) declined 0.5%, easing from a nearly 3% morning gain, after ATB Capital Markets Tuesday raised its price target for the Canadian oil and natural gas company by $1.50 to $34.50 a share, one day after Cenovus announced plans to buy out joint venture partner BP's (BP) 50% share of the Sunrise oil sands project in northern Alberta for CA$1.2 billion. Goldman Sachs Tuesday also reiterated its buy stock rating for Cenovus shares. TC Energy (TRP) fell 1.1% after the Canada-based pipeline company said it will begin off-taking renewable energy from a solar-energy facility in Strathmore, Alberta, under a 15-year power purchase agreement with Elemental Energy when the new 20-megawatt starts operations on Wednesday. Financial terms were not disclosed. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue