Low prices are making gas production unprofitable, forcing players to cut down exploration and production activities.
The stock drops after a presentation from the CEO.
Energy is always a hard sector to sort out since there are so many specialties, and when one is hitting, others may be hurting. Here's the current view.
Safeway is downgraded to 'neutral' at Credit Suisse, and WABCO Holdings is initiated with a 'neutral' at Goldman.
New exploration projects result in higher revenue for oilfield services companies like Baker Hughes.
Seasonal strength means good opportunity in select oil and gas stocks as winter melts into spring.
Steel Dynamics and US Steel are downgraded to 'hold.' DuPont is initiated with 'equal weight.'
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While the former looks to expand its snack and soda exposure, the latter struggles to stabilize management.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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