SEACOR Marine Holdings Inc SMHI:NYSE

Last Price$7.48NYSE Previous Close - Last Trade as of 7:00PM ET 3/24/23

Today's Change+0.18(2.47%)
Bid (Size)$2.98 (1)
Ask (Size)$12.00 (8)
Day Low / High$7.15 - 7.52
Volume61.5 K

Sector Update: Energy Stocks Lone Bright Spot in Thursday Markets

3:50PM ET 10/06/2022 MT Newswires
Energy stocks were set to finish higher this afternoon, with the NYSE Energy Sector Index rising 0.4% while the SPDR Energy Select Sector ETF (XLE) was up 1.7%. The Philadelphia Oil-Service Sector index also was posting a 1.5% advance but the Dow Jones US Utilities Index was slipping 3.0%.

West Texas Intermediate crude oil settled $0.69 higher at $88.45 per barrel while North Sea Brent crude also was advancing $1.35 to $94.66 per barrel. Henry Hub natural gas futures rose $0.04 to $6.97 per 1 million BTU.

In company news, Fusion Fuel Green (HTOO) was 0.4% higher late in Thursday trading after announcing a new technology services contract valued at around 2 million euros ($2 million) to supply its solar-to-hydrogen system to with KEME Energy for a 1.22-megawatt green hydrogen project to be built in Portugal. Construction is slated to begin in early 2023, with commercial operations expected to start during the second half of the year.

Suncor Energy (SU) rose 0.9% after the Canadian oil and natural gas producer late Wednesday said it was selling its wind- and solar-power assets to an affiliate of Canadian utility company ATCO (ACO-X.TO) for CA$730 million ($536.6 million).

Scorpio Tankers (STNG) gained 5% after the tanker company said it has signed three new time charter-out agreements with an unnamed energy major and a major refinery company beginning later this year and worth a combined $101.6 million over their three-year terms.

SEACOR Marine (SMHI) raced over 12% higher after the offshore energy services company overnight announced the sale of its minority interests in several of its joint ventures in Mexico to majority owner Proyectos Globales de Energia for $66 million in cash. The company will retain a strategic link with its former partner through equipment charters in the future, it said.