he U.K. government is satisfied with most of the reaction to its planned energy market reforms, published Thursday. At first glimpse, the offers appear equally to dispel industry worries and to imitate positively on the Department of Energy and Climate Change.
The U.K. energy sector at the moment has the assurances on pricing it was looking for to facilitate the kind of large-scale infrastructure investment, in renewable energy, nuclear and gas, desired to keep the lights on. Here we are going to discuss some hot stocks of the energy sector from the UK and USA.
BP plc (ADR) (NYSE:BP) slipped -1.36% to close at $41.19 and its overall traded volume was 4.18 million shares during the last trading session. BP plc (ADR)(NYSE:BP) recently declared that it is reorganizing its oil and gas production operations, overturning a modification that it had forced after the Gulf of Mexico oil spill had taken place.
The sale shows the BP could still succeed in winning back its level in the UAE, where the oil gigantic used to perform an important function since the beginning of the oil industry back in the 1930s.
Rio Tinto plc (ADR) (NYSE:RIO) fell -0.18% and closed at $49.71 in the last trading session with the total traded volume of 2.02 million shares. RIO has earnings per share of $2.24 and its price to earnings ratio ended at 22.18. Rio Tinto plc (Rio Tinto) is engaged in minerals exploration, development, and production and processing. Its product groups include aluminum, copper, diamonds and minerals, energy, and iron ore.
SandRidge Energy Inc. (NYSE:SD) is the top volume energy stock in the USA. SD surged +3.93% and closed at $6.08 with the overall traded volume of 21.61 million shares. SandRidge Energy, Inc. announced that, in reply to the projected solicitation of written stockholder approvals by TPG-Axon Partners, LP, the Company’s Board of Directors has set December 13, 2012 as the confirmation date for the determination of the Company’s stockholders who are permitted to implement, hold back or cancel sanctions concerning to the proposed TPG-Axon.
