Energy stocks received a boost Friday as futures surged on a stronger-than-anticipated jobs report. Oil futures finished up 5.3 percent when compared to the previous week. On Friday, the Labor Department reported 203,000 new jobs were added in November, while the unemployment rate declined to 7.0 percent. “These were spectacular jobs numbers and will ultimately be supportive for energy prices," said partner John Kilduff with energy hedge fund Again Capital LLC. "We’ve already seen demand pick up, and this is a signal that it will be stronger going ahead.”
VAALCO Energy, Inc. (NYSE:EGY - News) shares traded in the range of $6.06 to $6.94 Friday before settling to close at $6.45, an increase of 9.32 percent. The stock appears to be facing some resistance at $6.51 with some support at the $6.35 and $6.24 levels. Shares of VAALCO Energy have fallen approximately 25.0 percent in 2013.
More information on VAALCO Energy and access to the free equity report can be found at:
Noble Corporation PLC (NYSE:NE - News) shares traded in the range of $37.59 to $38.11 Friday before settling to close at $37.85, an increase of 0.42 percent. The stock appears to be facing some resistance at the $38.44 and $38.67 levels with some support at $37.84. Shares of Noble have gained approximately 9.0 percent in 2013.
More information on Noble and access to the free equity report can be found at:
Pioneer Energy Services Corp. (NYSE:PES - News) shares traded in the range of $7.40 to $7.61 Friday before settling to close at $7.49 a share. The stock appears to be facing some resistance at the $7.59 and $7.72 levels with some support at $7.38. Shares of Pioneer Energy Services have gained approximately 3.0 percent in 2013.
More information on Pioneer Energy Services and access to the free equity report can be found at:
Penn West Petroleum Ltd. (NYSE:PWE - News)(TSX:PWT.TO - News) shares traded in the range of $8.51 to $8.68 Friday before settling to close at $8.61, an increase of 1.18 percent. The stock appears to be facing some resistance at the $8.65 and $9.64 levels with some support at $8.13. Shares of Penn West Petroleum have fallen approximately 20.0 percent in 2013.
More information on Penn West Petroleum and access to the free equity report can be found at:
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