The S&P Energy Index (+1.8%) is trading to the upside this morning and is currently outperforming gains in the broader market (+1.2%).
Sector New: There was very little notable sector news this morning outside of SCEI (+2%), which reported its Q2 results.
Broker Calls: OILT (+0.2%) was initiated with a Hold at Stifel Nicolaus. Share were also initiated with an Outperform at Raymond James, and with an Equal Weight at Morgan Stanley. NBL (+1.4%) was upgraded to Market Outperform at Howard Weil. EXXI (+6.9%) was upgraded to Strong Buy at Capital One.






