Today’s energy and equity market update:
- Oil and gas prices all move lower on Monday.
- Brent dips 0.4%, while WTI and Cdn benchmarks fall 1%.
- Heavy oil discount falls below US$12/bbl.
- Henry Hub and gasoline give back 2%.
- Energy stocks decline 0.9% on SPX, and 0.4% on TSX.
Today’s notable energy news:
- Operators in the GoM begin re-boarding 280 platforms post-Barry.
- Callon Petroleum acquires Carrizo Oil & Gas for US$1.2B in stock.
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