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Trending Energy Stocks in Review: Plains GP Holdings LP (PAGP), Halliburton Company (HAL), Encana Corporation (ECA)

The S&P 500 jumped 55.44 points to 2,060.99 in the week, as the biggest gain since November erased the index’s loss for the year and left it 3.3 per cent below its May record.

The index ended the prior week with a 3.3 per cent rout in the two days following the Fed’s decision.

The Dow Jones Industrial Average and Nasdaq Composite Index both advanced about 2.5 per cent, their best weekly performance since Nov. 20. The dollar was little changed at 120.39 yen as of 7:25 a.m. in Tokyo Friday.

Oil and gas producers surged, buoyed by crude’s best week in four months. The group has been the least-loved in the S&P 500 this year, with an average 6 per cent of shares outstanding borrowed and sold in bets the price will fall.

Those wagers didn’t pay off, at least for one week. Eight of the 10 biggest gainers in the S&P 500 were in the energy industry, led by Oneok Inc.’s 27 per cent increase.

All 10 main industries in the broader index advanced this week, with commodities producers rallying 4.3 per cent as metals from copper to gold advanced. The Bloomberg Commodity Index added 1.3 per cent.

Financials rallied 3 per cent, while industrials saw their first gain after a four-week slump.

While equities ended Thursday lower after a three-day rally, a measure of investor anxiety fell for the second consecutive week amid light trading. The Chicago Board Options Exchange Volatility Index slid 23 per cent, the most since July.

The S&P 500 has slipped 0.9 per cent this month, on course for the worst December since 2002.

Plains GP Holdings LP (NYSE:PAGP) ended its day with the gaining of 2.28% after opening at $ 9.69 on 24 December, 2015.The worst hit in its 52 week range is $7.18 per share, with $29.86as its 52 week best price. The USA based company with the total traded volume of 3.81M shares less than average volume of 5.80M. United States Steel Corporation (Plains GP Holdings LP (NYSE:PAGP) and Plains All American Pipeline, on November 3, 2015 reported third-quarter 2015 results. PAA reported third quarter results with adjusted EBITDA of $497 million, which was $17 million above the mid-point of our quarterly guidance range, said Greg Armstrong, Chairman and CEO of Plains All American. PAA will pay a quarterly distribution of $0.70 per limited partner unit next week, which is the equivalent of $2.80 per unit on an annualized basis, while PAGP will pay a quarterly distribution of $0.231 per Class A share, or $0.924 per share on an annualized basis. These distributions represent a 6.1% and 21.1% increase over comparative distributions paid in the same quarter of 2014, respectively.

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

Halliburton Company (NYSE:HAL) closed at price of $35.15 by losing -0.85% on 24 December, 2015. Its beta value stands at 1.48 and 52 week range of the stock remained $30.93 – $50.20, while its day lowest price was $34.93 and its hit its day highest price at $35.54. The company total market capitalization is $30.34B along with 855.81M shares outstanding. Halliburton Company (NYSE:HAL) on December 15, 2015 and Baker Hughes Incorporated (BHI) announced that they expect that their timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) will expire without reaching a settlement or the DOJ initiating litigation at this time to block their pending transaction. The DOJ has informed the companies that it does not believe that the remedies offered to date are sufficient to address the DOJ’s concerns, but acknowledged that they would assess further proposals and look forward to continued cooperation from the parties in their continuing investigation. Halliburton and Baker Hughes believe that the proposed merger is good for the industry and customers. The merger is expected to create a strong company and achieve substantial efficiencies enabling it to compete aggressively to provide efficient, innovative and low-cost services.

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

Encana Corporation (USA) (NYSE:ECA) opened its shares trading at the price of $5.14, reaching at a closing price of $5.04 after losing -1.37% for the day on 24 December, 2015.The company total market capitalization is $4.32B along with 845.67M shares outstanding. Encana Corporation (USA) (NYSE:ECA) on December 21, 2015 announced that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., expects the previously announced sale of its DJ Basin assets to Crestone Peak Resources, 95 percent owned by Canada Pension Plan Investment Board and five percent by The Broe Group, to close in the second quarter of 2016. Encana and Crestone Peak Resources remain committed to closing this transaction and Crestone Peak Resources has increased its deposit. Material terms of the transaction, including the purchase price, remain unchanged.

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