The S&P Energy Index (-1.4%) is lower this morning and is currently underperforming the weakness in the broader market (-0.9%).
Sector News: EEE (-10.2%) announced an at the market equity offering program to sell up to $10 million of common stock. ECA (-2.4%) initiated the process to divest of its North Texas natural gas producing properties. WTI (-0.4%) revised estimated 3Q oil production guidance to 2.0 - 2.1 MMBbls from the prior of 1.8 - 2.0 MMBbls. CLNE (+4.7%) announced that three global investors will invest $150 mln in the co. The investment is in the form of 7.50% convertible notes due in 2016.
Broker Calls: ECA (-2.4%) was downgraded to Hold at The Benchmark Company. OILT (-0.2%) was initiated with Buy at Citigroup.






