OPEC’s decision to cut oil production for the first time since 2008 triggered euphoria in the stock market Wednesday. And pending earnings-estimate increases from analysts ought to set a floor under the energy sector and support even higher prices for oil stocks.
West Texas crude oil for January delivery
Among the 36 energy stocks in the benchmark S&P 500 Index
|Company||Ticker||Industry||Closing price - Nov. 29||Closing price - Nov. 30||Price increase|
|Marathon Oil Corp.|| ||Oil and Gas Production||$14.95||$18.06||21%|
|Transocean Ltd.|| ||Contract Drilling||$11.02||$12.90||17%|
|Newfield Exploration Co.|| ||Oil and Gas Production||$39.10||$45.22||16%|
|Murphy Oil Corp.|| ||Oil and Gas Production||td>|