Energy Stocks Investing Ideas; TSX Top Oil and Gas Traders: (SU), (CNQ), (TLM), (TOG)
Visit: Canadian Natural Resources Ltd.
March 15, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top Oil and Gas trading stocks on the TSX for March 15th, 2013.
Canadian Oil and Gas stocks continue to trade well today with the price of oil nearly rising to US$94 earlier today, ahead of the release of U.S. industrial production and manufacturing figures that analysts expect to show an improving economy.
By early afternoon in Europe, benchmark West Texas Intermediate crude for April delivery was up 60 cents at US$93.63 a barrel in electronic trading on the New York Mercantile Exchange. The contract had risen 51 cents to close at US$93.03 on the Nymex on Thursday.
Suncor Energy Inc., (TSX:SU) trading at $31.840 rose by $0.330 or 1.05% on a high volume of 3,468,430 shares, making it today's top trading Oil and Gas stock on the TSX.
Canadian Natural Resources Ltd., (TSX:CNQ) trading up at $33.540 gained $0.290 or 0.87% on a volume of 3,185,508 shares.
Canadian Natural Resources saw a strong close yesterday as well as an early rise today as brokerage and investment banking firm Stifel raised its rating to "buy" from "hold" and said the company was well-positioned for the second half of 2013.
Talisman Energy Inc., (TSX:TLM) trading at $12.600 went down $-0.120 or -0.94% on a volume of 3,178,917 shares.
Talisman Energy Inc. continues its downward sway as the company announced yesterday that an unsafe oil platform offshore Norway will be scrapped, without a drop of crude ever being produced, following a $470 million settlement with owner of the facility.
Torc Oil and Gas Ltd., (TSX:TOG) trading at $2.145 continues its recover from late February/early March with a gain of $0.045 or 2.14% on a volume of 2,125,109 shares.
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