4 Energy Stock Stories Needing Investor Attention On Monday

Royal Dutch Shell (NYSE:RDSA): Closing price $64.44

On Monday, Shell said that its gigantic Olympus tension-leg platform reached its final destination at the Mars field in the deep-water Gulf of Mexico, as the oil supermajor prepares for first oil sometime in 2014. In a statement, Shell said that the platform reached Mars B on July 20 and was “safely secured in place last week.” The facility sits only one mile from the firm’s existing Mars platform in about 3000 feet of water. The journey was made with the aid of a number of tug boats, which moved the 126,000-ton TLP from Kiewit Offshore Services’ shipyard in Texas where the topsides were installed.

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Total SA (NYSE:TOT): Closing price $53.58

The French oil major said Monday that it is thinking about relocating its corporate treasury and financial communications services from Paris to London, adding that the move would not be connected to the current level of taxes in France. A spokesperson said that Total is discussing the potential plans with union representatives and that “nothing would happen before the end of the year if the decision is actually made,” and the rationale behind such a move is that “80 percent of analysts who follow the group are based in London, and we need to get closer to this community.”

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BP (NYSE:BP): Closing price $41.97

Federal energy regulators of the United States on Monday ordered that BP respond to claims that it manipulated natural gas markets, threatening the United Kingdom oil giant with fines approaching $29 million, said a report. The Federal Energy Regulatory Commission’s Office of Enforcement alleged that BP manipulated the natural gas market at the Houston Ship Channel from mid-September 2008 through November of the same year, according to Reuters. The Commission said that BP has 30 days in which to file a reply to its so-called “show cause” order. BP spokesman Geoff Morrell observed that “These allegations are without merit and we stand by what we previously disclosed publicly in February 2011 – that BP natural gas traders did not engage in any market manipulation in late 2008.”

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Alpha Natural Resources (NYSE: ANR): Closing price $5.09

Analyst Curt Woodworth at Nomura Securities on Monday reiterated a Neutral on Alpha shares, and reduced his price target from $6 to $5, citing incremental pressure in the met market. Woodworth commented in part that ”We believe Alpha is in a stronger position than most CAPP coking coal producers, owing to its strong mix of high-quality coals and deep relationships in the U.S. and Europe, where steel companies value their products. While we expect European steel producers to seek further price reductions on the back of more pronounced weakness in the Pacific Basin, we don’t foresee significant disintermediation, as export customers generally desire ANR’s coking coal blends and want to minimize overdependence on Australia.”

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