SSE PLC reported on Monday morning that it decided to purchase BP PLC’s (NYSE:BP) 50% working stake in the Sean gas field in the Southern North Sea for a cash deal of 288 million dollars.
The deal was fromitscompletely possessed subsidiary SSE E&P UK Ltd. Overall net proven and probable (2P) reserves to SSE are predicted to be 1.7 billion therms over the life of the field, with the probability of further resource over infill drilling.
Its competitors include Chevron Corporation (NYSE:CVX) that surged 0.49% to $108.35 with the total traded volume of 1.34 million shares and Exxon Mobil Corporation (NYSE:XOM) that moved up 0.45% to $88.48 with the total traded volume of 2.95 million shares.
Other Basic Materials stocks with bullish trend include Vale SA (ADR) (NYSE:VALE) up 1.32% to $19.96, Alpha Natural Resources, Inc. (NYSE:ANR) up 0.31% to $9.71 and Weatherford International Ltd (NYSE:WFT) up 1.45% to $10.83, whereas with bearish trend include Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) down -0.77% to $33.51, Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) down -0.77% to $19.36 and SandRidge Energy Inc. (NYSE:SD) down -2.39% to $6.54.
BP plc (ADR) (NYSE:BP) stock reports on Dec 17, 2012 decreased -0.07% to the trading price of $41.36. Its fifty two week range is $36.25-$48.34. The total market capitalization remained $131.35 billion.
The overall volume in the current trading session is 1.30 million shares. In its share capital BP has 3.18 billion outstanding shares among them 3.17 billion shares have been floated in market exchange. BP stock institutional ownership remained 12.07%.
BP is ahead its 52 week low with 16.96% and lagging behind from its 52 week high price with -11.25%. BP last month stock price volatility remained 1.16%. The stock price of BP is moving forward from its 20 days moving average with 0.34% and remote negatively from 50 days moving average with -0.23%.
BP current year earnings per share experienced an addition with 777.99% while its current quarter performance remained -3.90%. Company’s beta coefficient included 1.24. Beta factors measures the amount of market risk associated with market trade.
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