Friday, May 20, 2011

Callon (CPE) (ROSE) (LINE) (LUFK) (CAM) Trade Mixed as Energy Falls

Shares of Callon Petroleum (NYSE:CPE), Rosetta Resources (NASDAQ:ROSE), Linn Energy, LLC (NASDAQ:LINE), Lufkin Industries, Inc. (NASDAQ:LUFK) and Cameron International (NYSE:CAM) traded mixed on Thursday as oil and gas were down on the day.

Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.

Brent crude oil for July delivery was down 23 cents, or 0.2 percent, to $112.07.

June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.

Linn Energy, LLC (LINE) closed Thursday at $38.35, gaining $0.33, or 0.87 percent. Lufkin Industries, Inc. (LUFK) ended the session at $85.06, up $1.81, or 2.17 percent.

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