Petroleum firms lead stock slide

Petroleum firms lead stock slide

An index of Colorado stocks fell Monday, led by Whiting Petroleum Corp. and Delta Petroleum Corp.

The Bloomberg Rocky Mountain News Index, a price-weighted index of companies based in the state, lost 3.95, or 1 percent, to 379.03. Seventy-nine stocks declined, 28 advanced, and three were unchanged.

Whiting Petroleum fell $1.66, to $47.06, and Delta Petroleum dropped $1.65, to $24.02. Both are Denver-based oil and natural gas companies.

Among stocks that advanced, MacDermid Inc., a maker of specialty chemicals, gained $1.19, to $34.01. The Denver-based company agreed last week to a $1 billion buyout offer by Chief Executive Officer Daniel Leever and Court Square Capital Partners.

Molson Coors Brewing Co., the world’s fifth-largest beer maker, added 90 cents, to $74.80.

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