The S&P Energy Index (+1.65%) is trading higher again this morning and is once again outperforming the gains in the broader market.
Sector News: Williams Group (WAG +2.9%) was awarded a cost-reimbursable contract associated with an oil sands project. Schlumberger (SLB +2%) acquired the remaining equity shares of Framo Engineering AS.
Broker Calls: Penn Virgina Corp (PVA -3.5%) was downgraded to Neutral at Credit Suisse. Alpha Natural Resources (ANR +3.3%) and Arch Coal (ACI +1.24%) were initiated with Buys at Societe Generale. VOC Energy Trust (VOC +1.44%) was initiated with a Sector Perform at RBC Capital Mkts. The firm initiated MPC with an Outperform as well.






