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Thursday's Energy Stocks: Sector, broader markets extend gains

Investorsremained positive over the Federal Reserve's decision to keep interest ratessteady, helping the market extend gains for another day. The SNL Energy Index climbed0.78% to 288.95, the Dow Jones Industrial Average lifted 0.54% to 18,392.46 andthe S&P 500 gained 0.65% to 2,177.18 on Thursday, Sept. 22.

Thecoal sector, however, failed to the ride the upward trend, with the SNL CoalIndex slipping 0.97% to 67.20. Alliance Resource Partners LP fell 1.96% in weak tradingto close at $21.56, though CNXCoal Resources LP gained 0.74% on light volume to finish at $15.06.

dropped3.12% on weak volume to end at $4.04 after S&P Global Ratings its corporate creditrating to B- from D. The rating action follows the company's recently concludedout-of-court restructuring "that resolves all defaults associated with thesale of an equity stake to MurrayEnergy Corp.," according to S&P.

Inthe midstream space, EnterpriseProducts Partners LP rose 1.28% to $27.66, slid 0.14% to$22.11 and Energy Transfer EquityLP advanced 0.71% to $16.91, all in below-average trading. The SNLMidstream Energy Index climbed 0.95% to 121.18.

gained4.21% in about average trading to close at $14.59 amid news that is in buying thecompany. TerraForm Power and affiliate TerraForm Global Inc. are currently exploring strategic options,including a merger or the sale of their businesses.

TerraFormGlobal shares jumped 11.59% on heavy volume to end at $4.14.

increased 0.28% inlight trading to close at $110.58 after its subsidiary InfraestructuraEnergética Nova SAB de CV won Mexico's antitrust commission approval to acquirePEMEX's 50% equity interest in the Gasoductos de Chihuahua pipeline jointventure for approximately $1.1 billion.

touched a 52-week highof $13.22 before finishing the day up 0.69% to $13.19.

Octobernatural gas futures crashed back through the psychologically important $3/MMBtumark Thursday, Sept. 22, giving back gains following the release of the lateststorage data from the U.S. Energy Information Administration that showed alarger-than-anticipated build to stocks for the week to Sept. 16. The contracthit a $2.981/MMBtu low and finished 6.7 cents lower on the day at $2.990/MMBtu.

Market prices and indexvalues are current as of the time of publication and are subject to change.S&P Global Ratings and S&P Global MarketIntelligence are owned by S&P Global Inc.