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.
