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Energy Stocks Buzz: Breitburn Energy Partners LP (BBEP), Nabors Industries (NBR), Seadrill Ltd (SDRL)

U.S. stocks were mixed on Thursday as the Dow Jones Industrial Average halted a 3-day winning streak, retreating from a considerable Santa Claus Rally from the previous session on the eve of the Christmas holiday.

Energy and retail stocks remained in focus, as U.S. crude futures continued their bounce off multi-year lows and frenzied shoppers crowded malls nationwide for last-minute gifts. On Thursday, WTI crude was on track for its fourth straight winning session, hovering at two-week highs near $38 a barrel. A session earlier, Texas Long Sweet futures surged amid an unexpected draw in U.S. crude stockpiles last week.

For the week, U.S. crude futures were on track to gain nearly 10% in value. Investors also kept a close eye on retail stocks on the last day of shopping before the start of Christmas. A spike in online shopping has intensified pressure on shipping companies to deliver last-minute gifts on time, while brick and mortar shops have been forced to slash prices in order to attract more customers. A major storm throughout the Southern portions of the U.S. also contributed to mounting fears that thousands of customers might not receive their gifts in time for the holiday. Shares in FedEx Corporation (N:FDX) on Thursday lost roughly 0.70% to 149.65.

Breitburn Energy Partners LP (NASDAQ:BBEP) ended its day with the gaining of 7.38% after opening at $0.79 on 24 December, 2015.The worst hit in its 52 week range is $0.47 per share, with $9.40 as its 52 week best price. The USA based company with the total traded volume of 3.13Mshares less than average volume of 3.21M. United States Steel Corporation (Breitburn Energy Partners LP (NASDAQ:BBEP) on December 16, 2015 released its interim estimated total proved reserves (Interim Reserves) and present value of estimated future net cash flows relating to such estimated reserves discounted using an annual rate of 10% (PV10), as of November 1, 2015, based on NYMEX future strip prices as of November 2, 2015. The Interim Reserves and PV10 have not been prepared by an independent engineering firm and are based on internal estimates. The Interim Reserves and PV10 have not been calculated pursuant to SEC rules and regulations, which require that they be estimated using the average price during the prior 12-month period, determined as an unweighted average of the first-day-of-the-month price for each month (without regard to Breitburn’s commodity derivative positions and without assuming any change in Breitburn’s development plans or costs, which has not been the case historically in periods of prolonged depressed commodity prices).

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

Nabors Industries Ltd. (NYSE:NBR) closed at price of $8.87 by gaining 0.11% on 24 December, 2015.. Its beta value stands at 2.39 and 52 week range of the stock remained $7.47 – $16.99, while its day lowest price was $8.73 and its hit its day highest price at $9.10. The company total market capitalization is $2.93B along with 283.52M shares outstanding. Nabors Industries Ltd. (NYSE:NBR) together with its subsidiaries, provides drilling and rig services. The company offers rig instrumentation, optimization software, and directional drilling services. It also provides completion, life-of-well maintenance, and plugging and abandonment of a well. In addition, the company markets approximately 466 land drilling rigs for oil and gas land-based drilling operations in the United States, Canada, and approximately 20 other countries worldwide; approximately 445 rigs for land well-servicing and workover services in the United States; 98 rigs for land well-servicing and workover services in Canada; 42 rigs for offshore drilling operations in the United States and internationally; and 7 jackup units and components of trucks and fluid hauling vehicles.

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

Seadrill Ltd (NYSE:SDRL) opened its shares trading at the price of $3.85, reaching at a closing price of $3.83 after losing -0.39% for the day on 24 December, 2015.The company total market capitalization is $1.94B along with 492.76M shares outstanding. Seadrill Ltd (NYSE:SDRL) on December 4, 2015 has settled a Total Return Swap agreement (TRS) expiring on December 3, 2015 with 4,000,000 common shares in Seadrill Limited as underlying security. Seadrill has subsequently entered into a new TRS agreement with exposure to 4,000,000 Seadrill Limited common shares. The expiry date for the new TRS is March 3, 2016 and the reference price is NOK49.5977 per share. Seadrill currently has a holding of 318,740 of its own treasury shares. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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