Energy Stocks Flag Bid for Prudential Pushes Shares Higher MARKETPLACE By Bloomberg
March 21, 2006
By Adria Cimino
Weaker crude oil prices pushed some energy shares lower. BP, Europe’s biggest oil company, fell 4 pence to 658 pence and Total, France’s largest oil producer, dropped 1 to 213.10.
Neste Oil, Finland’s only oil refiner, slipped 26 cents to 27.68 after Mandatum Securities cut the stock to “accumulate” from “buy.” Austria’s OMV, Central Europe’s biggest oil company, dropped 2 to 52. The share-price forecast was cut to 55 from 56 at Caib.
Cairn Energy, which explores for oil and gas in Asia, tumbled 49 pence to l21.27.