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Active Energy Stocks in Review: ConocoPhillips (COP), Linn Energy LLC (LINE), Transocean LTD (RIG)

The Dow fell 50.44 or 0.29% to 17,552.17, while the the S&P 500 Composite index lost 3.30 or 0.16% to 2,060.99, ending one of their strongest 3-day rallies of the year. The NASDAQ Composite index gained 2.56 or 0.05% to 5,048.49 on a light day of volume among U.S. equities.

The Dow crossed into negative territory for the year at the end of the session, while the NASDAQ is now slightly up for 2015. On the S&P 500, 9 of 10 sectors closed in the red, as stocks in the Energy, Telecommunications and Basic Materials industries lagged. Stocks in the Health Care sector, the lone industry to close in the green, led.

The top performer on the Dow was EI du Pont de Nemours and Company (N:DD), which gained 0.37 or 0.56% to 66.40. Shares in DuPont (N:DD) are down nearly 6% after the chemical giant announced a proposed $130 billion merger with Dow Chemical Company (N:DOW) earlier this month. Shares in Nike Inc (N:NKE) closed at 63.18, after the multinational athletic apparel giant completed a highly-anticipated stock split on Thursday. Nike capped a stellar year earlier this week when it topped analysts forecasts with both its earnings and revenues in the second quarter.

The biggest gainer on the NASDAQ was NXP Semiconductors NV (O:NXPI) which rose 1.89 or 2.24% to 86.42. Earlier this week, the Netherlands semiconductor company received secure product certification from China UnionPay, a top domestic bank card organization in the People’s Republic of China. The worst performer was Incyte Corporation (O:INCY), which lost 1.60 or 1.45% to 108.92. Shares in the Delaware-based pharmaceutical company retreated, two days after experiencing large inflows of more than $31 million in Tuesday’s session. The upticks on Tuesday were offset by more than $19 million in downticks on the session, according to reports.

ConocoPhillips (NYSE:COP) ended its day with the loosing of -0.88% after opening at $49.04 on 24 December, 2015..The worst hit in its 52 week range is $41.10 per share, with $70.79 as its 52 week best price. The USA based company with the total traded volume of 3.26M shares less than average volume of 9.13M. ConocoPhillips (NYSE:COP) on December 10, 2015 announced its 2016 operating plan. Key highlights from the plan include: $7.7 billion capital budget; 1 to 3 percent production growth, adjusted for asset sales; and $7.7 billion of operating costs. Chairman and Chief Executive Officer Ryan Lance commented, “We’re setting an operating plan for 2016 that recognizes the current environment, which remains challenging. We are significantly reducing capital and operating costs, while maintaining our commitment to safety and asset integrity. We also retain the flexibility to adjust capital spending in response to market factors. Our plan highlights the actions we accelerated over the past year to position our company for low and volatile prices. As we enter 2016, ConocoPhillips has greater capital flexibility, a more competitive cost structure, a streamlined portfolio and the ability to deliver profitable growth from a high-quality resource base. These advantages, coupled with our strong balance sheet, give us the ability to maintain a compelling dividend and close the gap on cash flow neutrality across a range of prices.”

Can Investors Bet on COP after this News update? Find out in this Research Report

Linn Energy LLC (NASDAQ:LINE) closed at price of $1.53 by losing -7.27%on 24 December, 2015.Its beta value stands at 0.83 and 52 week range of the stock remained $1.06 – $14.93, while its day lowest price was $1.48 and its hit its day highest price at $1.73. The company total market capitalization is $585.82M along with 355.04M shares outstanding. Linn Energy LLC (NASDAQ:LINE) on Nov. 13, 2015 and LinnCo, LLC (LNCO) (“LinnCo”) announced that LINN has entered into a series of privately negotiated transactions to exchange an aggregate principal amount of $2 billion of the Company’s senior unsecured notes (the “Unsecured Notes”) for an aggregate principal amount of $1 billion of newly issued senior secured second lien notes (the “Second Lien Notes”). These exchanges are expected to improve LINN’s balance sheet and reduce interest expense.

Is LINE a Solid Investment at These Levels? Read This Report For Details

Transocean LTD (NYSE:RIG) opened its shares trading at the price of $13.10, reaching at a closing price of $12.98 after losing -1.07% for the day on 24 December, 2015. The company total market capitalization is $4.74B along with 363.74M shares outstanding. Transocean LTD (NYSE:RIG) on December 17, 2015 approved the company`s application to delist its shares. The SIX delisting is effective March 31, 2016, with the last trading day scheduled for March 30, 2016. Transocean remains incorporated in Switzerland and the company`s shares will continue to be listed and traded on the New York Stock Exchange. About Transocean: Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.

How Should Investors Trade RIG Now? Don’t Miss out a Special Trend Analysis