The cash-strapped driller continues to pay its bills while it assesses its restructuring alternatives.
News & Analysis: Stone Energy
Oil prices, natural gas storage report and a key divestiture are fueling today’s big move.
OPEC News Sends Targa Resources Partners LP, Stone Energy Corporation, and Whiting Petroleum Corp Plunging
Energy stocks were slammed today after OPEC decided to keep its output at near maximum capacity.
The oil producer’s production was above the upper end of its guidance.
Despite relatively little news, the stocks of Stone Energy, Azure Midstream Partners, and Clayton Williams Energy all moved by double digits this week.
Thanks to oil prices and a few other factors, Penn West Petroleum, Energy XXI, and Stone Energy all went on unbelievable runs this week.
Better-than-expected drilling results have this energy stock moving today.
Is this meaningful or just another movement?
Just the facts, Fool.