Mariner Energy (NYSE:ME) shares now up after explosion
Submitted by theStockMasters... on Fri, 09/03/2010 - 18:45
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Shares of Mariner Energy (ME) are up nearly 2% today, even after their oil rig exploded in the Gulf yesterday. Analysts at Houston research firm Tudor Pickering Holt said Friday a fire on an offshore platform from Mariner Energy (ME) won't significantly impact the company's oil or gas production. Analysts said they're expecting some down time for repairs.
The fire that drew national attention on Thursday won't jeopordize Apache Corp.'s
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Over the past 12 months Mariner Energy Inc (ME) shares have traded between $11.35 and its 52-week high of $26.32. Mariner Energy Inc shares are now trading with a P/E Ratio of 22.1 and EPS of 1.03.
It seems that the ME rig explosion may have actually helped advertise the stock, as volume will likely have a 100% increase against the average today.
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