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Denbury Resources topped the gainers' list last week, jumping 14.4%.
During the week, analysts at Morgan Keegan rated it a favorite pick. They cited a good production profile, a 2012 capital expenditure plan that will be paid for by cash flow and sales of noncore assets, and "respectable" near-term production growth.
Elsewhere, analysts at Raymond James upgraded the stock to strong buy from outperform.
Whiting Petroleum Corp. followed, gaining 11.0% last week.
Atlas Energy LP(ATLS - Get Report) moved up 11.5% and 10.5%, respectively, while
Continental Resources(CLR - Get Report) rose 12.2%. CNOOC rallied after Beijing raised the threshold of a windfall tax on crude. Last week, the company announced the successful commissioning of the Lufeng (LF) 13-2 adjustment project.
Analysts at RBC Capital markets initiated coverage on Atlas Energy with an outperform rating. Energy stocks rose after crude oil prices gained ground last week.
PetroChina (PTR - Get Report) and
TransAtlantic Petroleum(TAT) advanced 10.4% and 8.4%, respectively. Petro China will process 17.5 million metric tons of crude this year at its Dalian plant. The company plans to buy the balance 40% interest in a Canadian oil sands project for $673 million.
McMoRan Exploration closed at $13.63, down 6.3%.
Core Laboratories was down 3.6%.
EXCO Resources(XCO) tumbled 6.7% as natural gas prices declined to less than $3 last week.
Bristow Group(BRS) and
Sunoco Logistics Partners(SXL) shed 1.8% and 2.7%, respectively, last week. Analysts at Bank of America have downgraded SXL to underperform.