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Thursday, 12/01/2016 11:40:50 AM

Thursday, December 01, 2016 11:40:50 AM

Post# of 109761
These U.S. oil stocks are soaring after OPEC's cut -- and more gains are on the way
MARKETWATCH 10:46 AM ET 12/1/2016
Symbol Last Price Change
MRO 18.53down +0.47 (+2.6%)
RIG 13.55 +0.65 (+5.04%)
NFX 46.68down +1.46 (+3.23%)
MUR 34.37up +0.46 (+1.36%)
APC 68.741down -0.409 (-0.59%)
DVN 48.96up +0.63 (+1.3%)
HES 56.74up +0.78 (+1.39%)
CXO 143.67down +0.65 (+0.45%)
HP 78.46down +2.81 (+3.71%)
XEC 140.49up +2.61 (+1.89%)
HAL 54.09up +1 (+1.88%)
EOG 106.42down +3.9 (+3.8%)
NBL 39.965down +1.805 (+4.73%)
PXD 194.525down +3.485 (+1.82%)
CHK 7.185down +0.185 (+2.64%)
COP 49.26 +0.74 (+1.53%)
QUOTES AS OF 11:39:56 AM ET 12/01/2016
S&P 500 oil stocks are up as much as 21%, and analysts' expected revisions will support even higher share prices

OPEC's decision to cut oil production for the first time since 2008 triggered euphoria in the stock market Wednesday. And pending earnings-estimate increases from analysts ought to set a floor under the energy sector and support even higher prices for oil stocks.

West Texas crude oil for January delivery jumped more than 8%, closing near $49 a barrel.

Among the 36 energy stocks in the benchmark S&P 500 Index , 16 were up at least 10% on Wednesday. Here they are: Company Ticker Industry Closing price - Nov. 29 Closing price - Nov. 30 Price increase Marathon Oil Corp.(MRO) US:MRO Oil and Gas Production $14.95$18.06

21% Transocean Ltd.(RIG) US:RIG Contract Drilling $11.02$12.90 17% Newfield Exploration Co.(NFX) US:NFX Oil and Gas Production $39.10$45.22 16% Murphy Oil Corp.(MUR) US:MUR Oil and Gas Production $29.42$33.91 15% Anadarko Petroleum Corp.(APC) US:APC Oil and Gas Production $60.16$69.15 15% Devon Energy Corp.(DVN) US:DVN Oil and Gas Production $42.16$48.33 15% Hess Corp.(HES) US:HES Oil and Gas Production $49.05$55.96 14% Concho Resources Inc.(CXO) US:CXO Oil and Gas Production $127.33$143.02 12% Helmerich & Payne Inc.(HP) US:HP Contract Drilling $67.57$75.65 12% Cimarex Energy Co.(XEC) US:XEC Oil and Gas Production $123.99$137.88 11% Halliburton Co.(HAL) US:HAL Oilfield Services & Equipment $47.79$53.09 11% EOG Resources Inc.(EOG) US:EOG Oil and Gas Production $92.44$102.52 11% Noble Energy Inc.(NBL) US:NBL Oil and Gas Production $34.67$38.16 10% Pioneer Natural Resources Co.(PXD) US:PXD Oil and Gas Production $173.67$191.04 10% Chesapeake Energy Corp.(CHK) US:CHK Oil and Gas Production $6.37$7.00 10% ConocoPhillips(COP) US:COP Oil and Gas Production $44.23$48.52 10%

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